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Gold Dec '11 (GCZ11)

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Gold Futures Market News and Commentary

Dollar Rises With T-note Yields

The dollar index (DXY00) on Wednesday rose by +0.19%.  The dollar moved higher on Wednesday as T-note yields rose after Fed Chair Warsh provided no guidance on interest rates at a meeting of central bankers in Portugal.  The dollar also found support after the euro weakened following the Eurozone June CPI report, which showed prices rose less than expected.  In addition, Wednesday’s decline in the yen to a new 39-year low is dollar-supportive. 

The dollar fell back from its best level on Wednesday after the Jun ADP employment change rose less than expected and the Jun ISM manufacturing index fell more than expected. Also, Wednesday’s decline in WTI crude oil to a 4.25-month low eases inflation expectations and may prompt the Fed to ease monetary policy, a negative factor for the dollar. 

The US Jun ADP employment change rose by +98,000, showing a weaker labor market than expectations of +120,000.

The US Jun ISM manufacturing index fell -0.7 to 53.3, weaker than exp... Read more

Gold bullion stacked by Steve Bidmead via Pixabay
Gold & Silver Flat Ahead of Today's Payroll Data | The Number to Watch |Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 693)

The White House at sunset by idesignimages via iStock
Which Version of "Independence Day" Will the Markets Choose Thursday?

There is plenty for the markets to take in this last trading day of the week.

Pile of money by Atlantagreg via iStock
Dollar Rises With T-note Yields

The dollar index (DXY00 ) on Wednesday rose by +0.19%. The dollar moved higher on Wednesday as T-note yields rose after Fed Chair Warsh provided no guidance...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Supported by Euro and Yen Weakness

The dollar index (DXY00 ) today is up by +0.13%. The dollar is moving higher today amid weakness in the euro after the Eurozone June CPI report showed...

Bull vs bear fork in the road by Lightspring via Shutterstock
June’s Top Commodity Performers and Underperformers

Commodity prices declined in June as the dollar index rallied and interest rates remained elevated. Precious metals and energy commodities posted the most...

Shinny gold bullion by Million Photos via Shutterstock
Gold & Silver Drop Overnight | Reset to Setup | Warsh in Focus | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 693)

Earnings Preview: What To Expect From Intel's Report

Intel is gearing up to release its second-quarter results later this month, and analysts are expecting a triple-digit surge in earnings.

What You Need To Know Ahead of American Express' Earnings Release

American Express is expected to announce its second-quarter earnings in July, and Wall Street expects the company’s EPS to increase by a single-digit...

Meta Platforms Is Dragging Down Coreweave Stock. Here's Why.

CoreWeave shares tumbled yesterday on reports of Meta Platforms building a commercial cloud infrastructure business. Here’s why the news is bearish for...

Charter Soars on SpaceX Deal Rumors. What That Means for CHTR Stock Here.

SpaceX and Charter are reportedly exploring a mobile phone service partnership.

Honeywell International's Q2 2026 Earnings: What to Expect

Honeywell International will release its second-quarter earnings later this month, and analysts anticipate a double-digit profit dip.

Weyerhaeuser Earnings Preview: What to Expect

Weyerhaeuser will release its second-quarter earnings soon, and analysts anticipate a double-digit FFO dip.

Shutterstock and Getty Are Calling Off Their Merger. SSTK Stock Is Plummeting.

Shutterstock shares crash as Getty Images walks away from the merger. Here’s why the announcement is super bearish for SSTK stock.

Here's What to Expect From A. O. Smith's Next Earnings Report

A. O. Smith will release its second-quarter earnings soon, and analysts anticipate a single-digit profit dip.

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