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Gold Dec '17 (GCZ17)

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Gold Futures Market News and Commentary

Dollar Tumbles on a Weak US Jobs Report

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

A one dollar bill floating in water by Wirestock via iStock
Dollar Tumbles on a Weak US Jobs Report

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,...

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...

Here's How to Play BPS Stock Following the Bending Spoons IPO

Bending Spoons stock soared on its market debut, closing at a premium of nearly 40% versus the IPO price. But should you load up on BSP shares at current...

Sandisk Stock Trounces the Market in the First Half of 2026. The Easy Gains May Now Be in the Past.

Sandisk became the S&P 500’s top-performing stock in H1 2026 as AI demand fueled memory and storage growth. Can supply constraints and enterprise SSD...

SolarEdge Stock Is in the Hot Seat as Trump Admin Considers New Solar Rules. How to Play SEDG Here.

Washington’s latest proposal has put SolarEdge back on investors’ radar. After a red-hot rally this year and a recent breather, let’s see how investors...

Walmart Options Traders Bet on a Bounce With Bearish-Looking Reverse Diagonal Put Spread

Amid Walmart's 19% correction, yesterday’s unusually active options included Aug. 21 $100 and July 17 $110 puts. The short diagonal put spread looked...

ServiceNow Stock Plunges 50% — Why NOW Stock Is a Buy Here

Concerns about AI disruption, temporary delay in the closure of large deals, and acquisition-related margin pressure have driven ServiceNow's stock sharply...

FuelCell Energy Stock Climbs as U.S. Agency Backs $49 Million Deal. What That Means for FCEL Investors Here.

Shares of FuelCell Energy jumped after EXIM backed a $49 million loan for the company, adding fresh momentum to its AI power push.

Wheat Posting Mixed Midday Trade

The wheat complex is showing mixed trade as we head into a 3-day weekend. Chicago SRW contracts are fractionally to 2 cents in the red on the day. KC HRW...

Cattle Falling on Thursday, with Wholesale Beef Weakness

Live cattle futures closed are falling $1.45 to $2 so far on Thursday. There were a few cash sales of $403 dressed in the north this week, with live trade...

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