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Gold Cash (GCY00)

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Gold Futures Market News and Commentary

Dollar Erases Early Gains as Crude Prices Fall and Stocks Rally

The dollar index (DXY00) fell from a 6-week high today and is down by -0.09%.  The dollar gave up an early advance today and moved lower after crude oil prices fell by more than -2%, which lowered inflation expectations and could prompt the Fed to ease monetary policy, a negative for the dollar.   Also, today's stock rally has reduced liquidity demand for the dollar.  The dollar initially moved higher today on an increase in safe-haven demand after President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. 

Swaps markets are discounting the odds at 7% for a 25 bp rate cut at the next FOMC meeting on June 16-17.

EUR/USD (^EURUSD) recovered from a 6-week low today and is up +0.12%.  Short covering emerged in the euro today after the dollar gave up an early advance and turned lower.  The euro also rose today after crude oil prices fell more than -2%, which is bullish for the Eurozone economy and the euro, as Europe... Read more

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Erases Early Gains as Crude Prices Fall and Stocks Rally

The dollar index (DXY00 ) fell from a 6-week high today and is down by -0.09%. The dollar gave up an early advance today and moved lower after crude oil...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold, Silver & Copper | The Overnight Bounce | Will the Key Levels Hold? | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 663)

Commodities on laptop keyboard by Maxx-Studio via Shutterstock
Were There Any Surprises in the Commodity Complex Pre-Dawn Wednesday?

A look at markets and news headlines early Wednesday morning shows sometimes puzzle pieces don't necessarily fit the way we expect.

Pile of money by Atlantagreg via iStock
Dollar Rallies and Gold Falls as T-note Yields Climb

The dollar index (DXY00 ) on Tuesday rallied to a 6-week high, finishing up by 0.14%. The dollar moved higher on Tuesday as higher T-note yields are strengthening...

Pile of money with hands by Sergey Nazarov via iStock
Dollar Edges Higher and Gold Slumps as T-note Yields Soar

The dollar index (DXY00 ) today is up by +0.17%. The dollar is moving higher today as higher T-note yields are strengthening the dollar's interest rate...

Chicken outside multicolored by Christel via Pixabay
Were You Ready for Today's TACO Tuesday?

History has taught us we should have been expecting the US president to back down his latest threat against Iran. Was Watson got off guard overnight through...

INM Stock Alert: What to Know as InMed, Mentari Announce Merger

InMed stock rallied yesterday on a merger announcement with Mentari Therapeutics. Here’s why the transaction is concerning for INM investors.

The $2.6 Billion Power Play: How Akamai Is Weaponizing Debt to Build the AI Edge

Shares of Akamai Technologies were down 5% following its $2.6 billion convertible note proposal.

Slumping Crude Oil Undercuts Ethanol and Sugar Prices

July NY world sugar #11 (SBN26 ) today is down -0.25 (-1.67%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.10 (+0.02%). Sugar prices gave up an...

Is Wall Street Bullish or Bearish on Steel Dynamics Stock?

Despite Steel Dynamics' strong performance relative to the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook...

Up 153% YTD, Here's Why Micron Stock Is Already My 2026 Winner

Micron’s AI-fueled growth story may still be in the early stage despite the stock’s massive surge.

The Outlook for Abundant Cocoa Supplies Pressures Prices

July ICE NY cocoa (CCN26 ) today is down -35 (-0.90%), and July ICE London cocoa #7 (CAN26 ) is down -48 (-1.62%). Cocoa prices are moving lower today,...

Up 110% YTD, Why Nvidia’s Backing Could Keep Nokia Stock Rallying

Nokia is no longer just a telecom company. It’s becoming an AI networking story.

Walmart Stock Looks Quite Risky Heading Into Q1 Results

Higher oil prices and the K-shaped economy are negative catalysts for WMT stock.

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