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Gold Dec '20 (GCZ20)

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Gold Futures Market News and Commentary

Dollar Recovers on Strong ISM Manufacturing Index

The dollar index (DXY00) fell to a 7-week low on Monday and finished down by -0.02%.  The dollar moved lower on Monday as easing geopolitical tensions in the Middle East boosted stocks and reduced safe-haven demand for the dollar.  Also, Monday's -5% fall in WTI crude oil prices lowered inflation expectations and could prompt the Fed to loosen monetary policy, a negative factor for the dollar. 

The dollar recovered nearly all of its losses on Monday on signs of US economic strength after the July ISM manufacturing index rose more than expected to a 4-year high. 

Dovish comments on Monday from New York Fed President John Williams were negative for the dollar, as he said interest rates remain well positioned and inflation should ease during the second half of the year.

The US July ISM manufacturing index rose +2.3 to 55.6, stronger than expectations of 53.9 and the fastest pace of expansion in four years.

US June construction spending unexpectedly fell -0.1% m/... Read more

Silver bars stacked by Walter Freudling via Pixabay
Copper Surges on US Tariff Watch | Could Silver Follow? | Key Levels | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 715)

Trader looking at chart by Tima Miroshnichenko via Pexels
NovaRed Mining Identifies A Large Copper-Gold Target Beside Hudbay's Producing Copper Mountain Mine

NovaRed Mining (NREDF) says it has detected two large anomalies ten kilometers from a producing copper mine, and pitches the target as a matter of national...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Recovers on Strong ISM Manufacturing Index

The dollar index (DXY00 ) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions...

The index of oil up by Pashalgnatov via istock
July’s Top Commodity Performers and Underperformers

Crude oil and oil products posted impressive gains in July as the on-again-off-again war in Iran continues to take center stage in the commodities asset...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Pressured by Strong Stocks and Easing Geopolitical Risks

The dollar index (DXY00 ) fell to a 7-week low today and is down by -0.10%. Easing geopolitical tensions in the Middle East are boosting stocks and reducing...

Hands holding a briefcase of money by Efired via Shutterstock
How Did Markets Start the New Month?

It was another Monday morning of more of the same, with a little spice added in, just to change things up a bit.

Is Wall Street Bullish or Bearish on Aptiv Stock?

Aptiv's stock has stumbled over the past year, but analysts remain firmly bullish, betting on the company's leadership in next-generation automotive technologies....

Are Wall Street Analysts Predicting Centene Stock Will Climb or Sink?

Centene's remarkable run has earned investors handsome returns over the past year, yet Wall Street maintains moderately optimistic outlook on the stock....

Super Micro Computer Stock: Is Wall Street Bullish or Bearish?

As Super Micro Computer has lagged behind the broader market over the past year, Wall Street analysts maintain a cautious outlook about the stock’s prospects....

SoFi Stock Sinks 50%, But Most Analysts Still Aren’t Bullish

Despite SOFI stock's nearly 50% decline from its 52-week high, Wall Street remains cautious about the fintech’s prospects.

Are Wall Street Analysts Bullish on 3M Company Stock?

After outperforming the broader market over the past year, 3M enters the second half of 2026 with Wall Street maintaining a cautiously optimistic outlook...

Las Vegas Sands Stock Outlook: Is Wall Street Bullish or Bearish?

Despite trailing the broader market over the past year, Las Vegas Sands continues to enjoy cautious support from Wall Street.

Covered Call Screener Results for August 4th

Covered Call Screener Results for August 4th

NIKE Stock Outlook: Is Wall Street Bullish or Bearish?

NIKE has lagged behind the broader market over the past year, and analysts remain moderately bullish about the stock’s prospects.

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