Gold Dec '19 (GCZ19)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Friday fell -0.082 (-0.09%). The dollar on Friday posted modest losses and was under pressure from a decline in T-note yields. Losses in the dollar were limited after a slump in equity markets boosted the liquidity demand for the dollar.
EUR/USD (^EURUSD) on Friday rose +0.0030 (+0.27%). EUR/USD on Friday recovered from a 1-week low and moved moderately higher on dollar weakness. The euro also moved higher after Friday’s data showed Eurozone Jan consumer confidence fell -0.1 to -8.5, stronger than expectations of -9.0. EUR/USD Friday initially fell to a 1-week low in overnight trade on rising geopolitical concerns in eastern Europe on a report that said the U.S. is allowing some Baltic states to send U.S.-made weapons to Ukraine.
USD/JPY (^USDJPY) on Friday fell -0.46 (-0.40%). USD/JPY on Friday fell moderately as a sell-off in global equity markets boosted the safe-haven demand for the yen. Also, lower T-note yields Friday supported th... Read more
- Dollar Slightly Lower as T-Note Yields Fall
The dollar index (DXY00 ) on Friday fell -0.082 (-0.09%). The dollar on Friday posted modest losses and was under pressure from a decline in T-note yields....
- Steelmaker Warns of Rough Months Ahead for North American Steel Industry
The construction and automotive industries, which are considered as the key steel consuming sectors, are reportedly witnessing rising inventories.
- Stocks Tumble as a Plunge in Netflix Weighs on Technology Stocks
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.90%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.30%,...
- Barrick Gold Met Annual Guidance Target for 2021
The preliminary copper production of 415 million pounds for 2021 was also within the guidance range of 410-460 million pounds.
- 19th January, 2022: North American Copper Scrap Prices Soared on Index
Brass Radiator /Fe and Brass Radiator Ends prices maintained the previous day price levels.
- Talks Launched to Resolve U.S.-UK Trade Dispute Over Steel, Aluminum Tariffs
However, it did not mention any specific date or timeline for the talks.