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Gold Dec '18 (GCZ18)

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Gold Futures Market News and Commentary

Dollar Slips on Weak US Housing News and Lower Crude Prices

The dollar index (DXY00) on Tuesday fell by -0.12%.  Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the dollar.  Also, Tuesday’s -5% fall in WTI crude oil to a 3.5-month low was bearish for the dollar, as it lowers inflation expectations and could prompt the Fed to pursue easier monetary policy.  The dollar has some negative carryover from Monday when the US and Iran announced a deal to end the war, which curbed safe-haven demand for the dollar.

The dollar’s focus will turn to the 2-day FOMC meeting that began on Tuesday and will be the first under the leadership of new Fed Chair Kevin Warsh.  While the Fed is expected to keep interest rates unchanged, the spotlight will be on how Mr. Warsh navigates the post-meeting press conference and the outlook for inflation.

US May housing starts fell -15.4% m/m to a 6-year low of 1.177 million, weaker than expectations of 1.430 million.  May building permits, a proxy for future construct... Read more

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slips on Weak US Housing News and Lower Crude Prices

The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the...

Gold bullion stacked by Steve Bidmead via Pixabay
Geopolitics Moved Gold For A Day. Technicals Moved It For A Quarter.

Plus War's Summary and it's surprising impact on gold.

Opened wallet with US dollars on table by olyasolod via Adobe Stock
Dollar Little Changed on Weak US Housing News

The dollar index (DXY00 ) is little changed today. Weaker-than-expected reports today on US May housing starts and building permits are undercutting the...

Silver bars stacked by Walter Freudling via Pixabay
Gold & Silver Rise Overnight | Is a 20% Rally Next? | Copper Slips on China Data | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 683

Platinum bars by Shawn Hempel via Shutterstock
Why Platinum Is a Highly Asymmetric Long-Term Bet Right Now

Platinum quotes are diving amid a broader liquidation, but the physical reality tells a different story. Global primary production has shrunk while new...

Puzzle of money by TPopova via iStock
Dollar Pressured by Deal to End the US-Iran War

The dollar index (DXY00 ) slid to a 1-week low on Monday and finished down by -0.09%. The dollar came under pressure on Monday after stocks rallied sharply...

Is Align Technology Stock Underperforming the Dow?

While Align Technology has underperformed relative to the Dow over the past year, Wall Street analysts maintain a moderately optimistic outlook on the...

Is Avery Dennison Stock Underperforming the Dow?

Avery has underperformed the Dow Jones Industrial Average over the past year, yet Wall Street remains optimistic about the stock.

Is Veralto Corporation Stock Underperforming the Dow?

Although Veralto Corporation stock has lagged behind the Dow over the past year, analysts remain moderately bullish about its prospects.

Principal Financial Group Stock: Is PFG Outperforming the Financial Sector?

While Principal Financial Group has outperformed its sector peers recently, analysts remain cautious about the stock’s prospects.

Target Hiked Its Dividend by 1.8%. It’s Not Enough to Change the Thesis for TGT Stock.

Target Corporation raised its quarterly dividend by 1.8% to $1.14 per share, extending its dividend growth streak to 54 consecutive years and maintaining...

This Analyst Just Upgraded Palantir Stock. Here's Why.

Wolfe Research upgrades Palantir stock to “Peer Perform.” Here’s why the firm’s analysts turned bullish on PLTR shares for the remainder of 2026....

Rocket Lab vs. Redwire: 1 Stock Has the Stronger Growth Story for the Next Decade

The SpaceX IPO may have opened a new chapter for space investing. Between Rocket Lab and Redwire, one has the more intriguing long-term growth story.

Cotton Rallies on Tuesday

Cotton futures saw gains of 35 to 184 point gains across the board on Tuesday. Crude oil was down $4.08 at $76.673. The US dollar index was down $0.071...

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