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Gold Dec '20 (GCZ20)

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Gold Futures Market News and Commentary

Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00) on Friday gave up an early advance and finished little changed.  The dollar was pressured on Friday after the University of Michigan’s May US consumer sentiment index was revised downward to a record low.  Also, Friday’s rally in stocks curbed liquidity demand for the dollar. The dollar found early support on Friday from hawkish comments from Fed Governor Christopher Waller, who said he supports a Fed rate increase if inflation doesn’t soon slow.

The University of Michigan’s May US consumer sentiment index was revised lower to a record low of 44.8 (data from 1978), weaker than expectations of no change at 48.2.

The University of Michigan’s US May 1-year inflation expectations rate was revised upward to a 9-month high of +4.8% from +4.5%, stronger than the +4.6% expected.  Also, May 5-10 year inflation expectations rate was revised upward to a 7-month high of +3.9%, stronger than expectations of no change at +3.4%.

Fed Governor Christopher W... Read more

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00 ) on Friday gave up an early advance and finished little changed. The dollar was pressured on Friday after the University of Michigan’s...

US dollar background by Iluhanos via iStock
Dollar Gains and Gold Falls on Hawkish Waller

The dollar index (DXY00 ) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Slide while Copper RIPS Higher! Silver Option Strategy | Will Support Hold? Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 665)

Pulling money out of wallet by Izf via iStock
Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait...

Pile of money with hands by Sergey Nazarov via iStock
Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Drop On Breaking Headlines | The Key Levels to Watch | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 664)

Do Wall Street Analysts Like AvalonBay Communities Stock?

AvalonBay Communities has underperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects....

Do Wall Street Analysts Like Universal Health Services Stock?

Universal Health Services has notably underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s...

Are Wall Street Analysts Bullish on Insulet Stock?

Although Insulet has lagged the broader market over the past year, Wall Street analysts remain strongly optimistic about the company’s long-term growth...

Allegion Stock Outlook: Is Wall Street Bullish or Bearish?

Allegion has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Is Wall Street Bullish or Bearish on Atmos Energy Stock?

Atmos Energy has underperformed the broader market over the past year, and analysts remain cautious about the company’s long-term prospects.

Are Wall Street Analysts Predicting Expand Energy Stock Will Climb or Sink?

Despite Expand Energy’s underperformance compared to the broader market over the past year, Wall Street analysts remain very bullish in the company’s...

What Are Wall Street Analysts' Target Price for Raymond James Stock?

Although Raymond James has lagged the broader market over the past year, Wall Street analysts remain moderately optimistic about the company’s long-term...

F5 Stock: Is Wall Street Bullish or Bearish?

F5 has outpaced the S&P 500 Index over the past year, and analysts are fairly bullish on its future outlook.

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