Gold Dec '17 (GCZ17)
Gold Futures Market News and Commentary
The dollar index (DXY00) today is down by -0.26%. The announcement of a ceasefire between Israel and Lebanon knocked WTI crude oil prices down more than -3% today and lowered inflation expectations, which might persuade the Fed to ease monetary policy, a negative factor for the dollar. Also, today's US economic news, showing a bigger-than-expected increase in weekly jobless claims and a larger-than-expected downward revision to Q1 nonfarm productivity, is bearish for the dollar.Â
US weekly initial unemployment claims rose +13,000 to a 3.75-month high of 225,000, showing a weaker labor market than expectations of 215,000.
US Q1 nonfarm productivity was revised downward to 0.3% from the previously reported 0.8%, weaker than expectations of 0.4%. Q1 unit labor costs were unexpectedly revised downward to 1.8% from 2.3%, weaker than expectations of an upward revision to 2.4%.
Late Wednesday, the US said Israel and Lebanon agreed to a ceasefire if Hezbollah also stops... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) today is down by -0.26%. The announcement of a ceasefire between Israel and Lebanon knocked WTI crude oil prices down more than...
Blue Line Futures · Thu Jun 4, 6:20AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 674)
Barchart · Thu Jun 4, 5:05AM CDT
A lack of headlines left the commodity complex adrift, for the most part, overnight through early Thursday morning.
Barchart · Wed Jun 3, 2:35PM CDT
The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase...
Barchart · Wed Jun 3, 10:51AM CDT
Here are my two-minute bull and bear cases on the fundamentals and technicals presently impacting the gold and silver markets, and their potential price...
Barchart · Wed Jun 3, 9:41AM CDT
Alcoa stock extends gains as aluminum prices climb further to a four-year high. Here’s why AA shares remain worth buying at current levels.
Barchart · 10 minutes ago
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Barchart · 26 minutes ago
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Barchart · 1 hour ago
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