Gold Dec '12 (GCZ12)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar is also under pressure amid weakness in crude oil prices, as WTI crude fell to a 4.25-month low today, which lowers inflation expectations and is dovish for Fed policy. The dollar found some support after weekly jobless claims unexpectedly declined and after May factory orders fell less than expected.
US Jun nonfarm payrolls rose +57,000, weaker than expectations of +113,000, and May nonfarm payrolls were revised lower to +129,000 from the originally reported +172,000. The Jun unemployment rate unexpectedly fell -0.1 to a 1-year low of 4.2%, showing a stronger labor market than expectations of no change at 4.3%.
US Jan average hourly earnings rose +0.3% m/m and +3.5% y/y, right on expectations.
US weekly initial unemploy... Read more
Barchart · 54 minutes ago
The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report,...
Blue Line Futures · Thu Jul 2, 6:28AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 693)
Barchart · Thu Jul 2, 6:25AM CDT
There is plenty for the markets to take in this last trading day of the week.
Barchart · Wed Jul 1, 2:34PM CDT
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...
Barchart · Wed Jul 1, 9:42AM CDT
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...
Barchart · Wed Jul 1, 9:21AM CDT
Commodity prices declined in June as the dollar index rallied and interest rates remained elevated. Precious metals and energy commodities posted the most...
Barchart · 1 minute ago
Digital Realty Trust is set to report its second-quarter results this month, and analysts expect a single-digit earnings rise.
Barchart · 14 minutes ago
The S&P 500 Index ($SPX ) (SPY ) is up +0.10% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 15 minutes ago
National Grid is investing $1.75 billion in a U.S. power grid company.
Barchart · 50 minutes ago
Bloom Energy stock rallies as UBS raises price target to $350. Here’s why the investment firm is bullish on BE shares.
Barchart · 57 minutes ago
The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report,...
Barchart · 1 hour ago
The EV maker will launch the MONA L03 in China today.
Barchart · 1 hour ago
Protagonist Therapeutics (PTGX) exhibits strong technical momentum, posting a 150% gain over the past 52 weeks. PTGX holds a 100% “Buy” technical opinion...
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ...