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Gold Nov '11 (GCX11)

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Gold Futures Market News and Commentary

Dollar Recovers Early Losses as Stocks Retreat

The dollar index (DXY00) on Thursday rose by +0.14%.  The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains and turned lower, boosting liquidity demand for the dollar.  The dollar also found support on Thursday’s dollar-friendly news on weekly jobless claims, Q1 nonfarm productivity, Q1 unit labor costs, construction spending, and consumer credit.  In addition, hawkish comments from Boston Fed President Susan Collins and Cleveland Fed President Beth Hammack were supportive of the dollar when they said they favored keeping interest rates on hold. 

The dollar initially moved lower on Thursday amid optimism that a peace deal between the US and Iran is imminent, which curbed safe-haven demand for the dollar today.  Also, Thursday’s early rally in the S&P 500 to a new record high dampened liquidity demand for the dollar. 

The markets are awaiting further updates after the US presented a proposal to Iran that would gradually reope... Read more

Silver bullion by SonerCdem via iStock
Gold & Silver Breakout | How Far Can They Run? | Key Levels to Watch | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 655)

Holding money bunched in fist by Iana Miroshnichenko via iStock
Dollar Recovers Early Losses as Stocks Retreat

The dollar index (DXY00 ) on Thursday rose by +0.14%. The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains...

Silver bullion by SonerCdem via iStock
Is Silver a Trading or Investment Commodity?

After silver’s explosive move to nearly $122 per ounce in late January, the price corrected by over $60 and is now consolidating around $76. Silver has...

Silver dollar floating by Matthew Heinrichs via Pixabay
3 Silver ETFs for the "Second-Place" Metal

Don't want the work of owning and storing physical silver? These 3 silver ETFs are far more convenient ways to invest in the argent metal.

Uranium minning underground by Pavel Kosek via Shutterstock
MoneyMasters Podcast: As 60/40 Investing Fails, Expect a "Great Migration"

In this episode, Larry McDonald joins the MoneyShow MoneyMasters Podcast to discuss what he calls the "Great Migration" of capital from tech and growth...

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Slips with Crude Oil on US-Iran Peace Hopes

The dollar index (DXY00 ) today is down by -0.14% but remains above Wednesday's 2.5-month low. Optimism that a peace deal between the US and Iran is imminent...

What Are Wall Street Analysts' Target Price for Block, Inc. Stock?

Block, Inc. has outperformed the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.

Palantir Stock Is a Defining AI Investment. Now Its Executives Want to Make Sure You Know It’s Not ‘AI Slop.’

Despite a year-to-date decline, Palantir continues to deliver accelerating U.S. commercial growth, strong cash flow, and high-profile partnerships, prompting...

Applied Materials Stock Just Got a New Street-High Price Target: AMAT’s Role in AI Is Almost ‘Irreplaceable’

Applied Materials just received a new high price target from Seaport as the company solidifies its role in the AI semiconductor buildout.

SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street

SanDisk’s breakout year draws bullish calls, but the sustainability of the memory boom remains a key question.

Qualcomm Just Unveiled New Mobile Phone Chips. QCOM Stock Is Soaring

Qualcomm stock rallied today on the launch of new Snapdragon mobile chips. But does that warrant buying QCOM shares at a year-to-date high of roughly $202?...

Ross Stores Stock: Is Wall Street Bullish or Bearish?

Ross Stores has rallied the broader market over the past year, and analysts remain highly bullish about the stock’s prospects.

Abbott Laboratories Stock: Analyst Estimates & Ratings

While Abbott Laboratories has underperformed the broader market over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects....

Soybeans Showing a Modest Bounce to Start Friday

Soybeans are up 2 to 4 cents in the front months on Friday. Futures bounced off the early session lows on Thursday, with contract closing fractionally...

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