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Gold Nov '11 (GCX11)

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Gold Futures Market News and Commentary

Dollar Eases as S&P 500 Posts a Record High

The dollar index (DXY00) on Wednesday fell by -0.07%.  The dollar fell slightly on Wednesday after the S&P 500 rallied to a new all-time high, reducing liquidity demand for the dollar. Also, geopolitical tensions eased and weighed on the dollar after the AP reported that the US and Iran had reached an “in principle agreement” to extend the ceasefire to allow more time for diplomacy. The US and Iran are considering extending their ceasefire, which ends on Tuesday, by another two weeks to allow more time to negotiate a peace agreement. 

Losses in the dollar were limited on Wednesday from hawkish comments from Cleveland Fed President Beth Hammack, who said her baseline is that the Fed is on hold for a “good while.” Wednesday’s US economic news was mixed for the dollar after the Apr Empire manufacturing survey general business conditions rose more than expected to a 5-month high, but the Apr NAHB housing market index fell more than expected to a 7-month low. 

The Fed Beige B... Read more

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Eases as S&P 500 Posts a Record High

The dollar index (DXY00 ) on Wednesday fell by -0.07%. The dollar fell slightly on Wednesday after the S&P 500 rallied to a new all-time high, reducing...

Nuclear energy powering AI data centers via Shutterstock AI
Turbine Season for Tech: John Rowland on the Next Era of AI Data Center Investments

We’ve gone way beyond Nvidia now. As data center sprawl dominates the conversation, here are the stocks, industries, and sectors in focus for the next...

Gold bars in a neat row by PublicDomainPictures via Pixabay
Two-Minute Analysis: The Bull vs. Bear Cases for Gold and Silver Prices Now

A major driver of safe-haven demand is currently playing out in the Middle East war.

Gold bars in a row by andriano_cz via iStock
All Talk, No Peace - Implications for Gold Investors

Words vs. Reality - which one will win?

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Little Changed Awaiting News on US-Iran Peace Talks

The dollar index (DXY00 ) today is up by +0.02%. The dollar is little changed today, awaiting fresh news on US-Iran peace talks. The dollar found some...

Gold bullion stacked by Steve Bidmead via Pixabay
Gold & Silver Attempt a Breakout! Ceasefire Clock Ticks | What’s Next?

Gold and silver test a breakout as markets monitor ongoing ceasefire developments and what could come next, with Phil Streible breaking down the metals...

This Dividend Stock Is Becoming Too Cheap to Ignore: Should You Buy?

Disney has a dividend of 1.5% and trades at a discount to the markets as well as its historical valuations. The stock looks like a good buy, particularly...

Cattle Post Midweek Losses

Live cattle futures were down 35 cents to $1.40 on Wednesday, with April up a nickel. There were 3 deliveries for April live cattle in Dodge City. Cash...

Hogs Slip Lower on Wednesday

Lean hog futures were steady to 50 cents lower on Wednesday, with expiring April up 20 cents. USDA’s national base hog price was reported at $91.88 on...

Corn Rallies on Wednesday

Corn futures posted 4 ¾ to 8 ¼ cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price was up 8 1/2 cents at $4.14...

Wheat See Marginal Strength on Wednesday

The wheat complex posted marginal gains on Wednesday with contracts higher across the three exchanges. Chicago SRW futures were fractionally to 3 cents...

Soybeans Post Strength on Wednesday

Soybeans were in rally mode on the midweek session, with contracts 9 to 11 cents higher at the close. The cmdtyView national average Cash Bean price was...

Cotton Rallying on Wednesday

Cotton was in rally mode, with contracts up 77 to 137 points at the close on Wednesday. The US dollar index was $0.033 lower at $97.875. Crude oil was...

Jefferies Analysts Think Kratos Defense Stock Can Gain 26%. Why?

An upcoming production ramp-up in the Valkyrie drone is expected to help Kratos.

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