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Gold Nov '11 (GCX11)

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Gold Futures Market News and Commentary

Dollar Gains on Euro Weakness and Higher T-note Yields

The dollar index (DXY00) on Monday rose by +0.17% and is just below last Friday’s 13-month high.  The dollar erased early losses on Monday and moved higher after the euro declined when ECB President Lagarde pushed back against any additional tightening of monetary policy by the ECB due to the US-Iran war.  The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest rates later this year.  In addition, higher T-note yields on Monday have strengthened the dollar’s interest rate differentials and were supportive of the dollar.

The dollar initially moved lower on Monday on reduced safe-haven demand after Iran said there had been “major progress” in overnight discussions with the US over a peace deal. Also, Monday’s -2% fall in WTI crude oil prices is dovish for Fed policy and negative for the dollar.

Iran said there had been “major progress” in all-night discussions with the US over a peace deal following the interim agreement last week... Read more

Liberty silver dollar by Tony Savino via iStock
Precious Metals Smoked Overnight | Two Bottoming Scenarios | Time to Buy US Equity Puts? | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 687)

currency sign on world map include dollar yen euro and pound for trading forex by Dilok Klaisataporn via Shutterstock
Dollar Gains on Euro Weakness and Higher T-note Yields

The dollar index (DXY00 ) on Monday rose by +0.17% and is just below last Friday’s 13-month high. The dollar erased early losses on Monday and moved...

Gold bars in a row by andriano_cz via iStock
If You’re Not Sold On Gold, This ETF Will Make You Twice As Interested In Shorting It

I'm not generally a big proponent of investing in gold. But here's how I would recommend playing the precious metal now.

Polygonal vector illustration of the dollar and euro symbols by Vladyslav Severyn via Shutterstock
Dollar Recovers as Euro Retreats on Dovish Lagarde Comments

The dollar index (DXY00 ) today is up by +0.12% and just below last Friday's 13-month high. The dollar erased early losses today and moved higher after...

Gold bullion stacked by Steve Bidmead via Pixabay
Precious Metals Bounce Overnight! | Are the Lows In? | All Eyes On the Data | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 686)

Gold bars in a row by andriano_cz via iStock
3 Great Gold ETFs to Buy Now

If you want to buy the yellow metal without stashing a pile of it in your basement, these gold ETFs are the way to go.

A Global Rout in Tech Stocks Is at the Epicenter of a U.S. Selloff. What to Watch Next.

Barchart’s senior market strategist explains what’s going on at market open and what catalysts investors should be watching next amid an ugly selloff....

Verizon Is Trying to Rebuild Itself from the Inside Out. It Still Pays a 6.2% Dividend Too.

Revamping its customer experience with simplified plans and new loyalty perks, Verizon continues to reward investors with an enticing 6.2% dividend yield....

Marvell Just Got a New Street-High Price Target. Wall Street Thinks Networking Is a Huge Growth Opportunity.

KeyBanc lifted Marvell’s outlook, spotlighting data center networking as AI infrastructure’s strongest long-term growth driver.

Michael Burry Just Refused to Buy the SpaceX IPO. Here Are 3 Companies He Is Buying Instead.

Michael Burry has questioned SpaceX’s valuation, but the famed investor believes the cost to short SPCX is too high. Instead, he is buying these three...

Lam Research Put Options Short Play - Make a 6% Yield Over 2 Months

Lam Research Inc. (LRCX) stock has been on a tear, but that has also raised LTCX put option premiums. An investor can short an out-of-the-money put (17%...

Mark Cuban Says OpenAI Is ‘Sh*tting Away’ Its Money on AI Infrastructure: Says ‘They’ll Never Get’ a Return on Their Trillion-Dollar Spending Spree

Mark Cuban believes AI is real, powerful, and already changing business. But he is far less convinced that the companies spending hundreds of billions...

Intel Will Design and Manufacture Chips for Apple. What This Really Means for INTC Stock Investors.

Investors continue to wait for official announcements from Intel and Apple, but that hasn't stopped them from trading and believing in INTC's turnaround...

Is Texas Pacific Land Stock Underperforming the S&P 500?

Texas Pacific Land has trailed the broader S&P 500 Index over the past year, and Wall Street remains fairly bullish about the stock.

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