Gold Dec '20 (GCZ20)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports the dollar. The dollar also has carryover support from last Friday when President Trump threatened to raise tariffs on European automobile imports to as high as 25%.
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. On Monday, the United Arab Emirates (UAE) said an Iranian drone attack caused a fire at the Fujairah oil industry zone. Also, a cargo ship from South Korea was attacked in the Strait of Hormuz, and the UAE also issued a missile threat warning after an oil tanker was struck by... Read more
Barchart · Mon May 4, 2:37PM CDT
The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices...
Barchart · Mon May 4, 1:01PM CDT
Gold’s rally may have cooled, but with volatility still in play, analysts anticipate that these under-the-radar gold miners are poised to rise over 50%...
Barchart · Mon May 4, 9:37AM CDT
The dollar index (DXY00 ) today is up +0.19%. The dollar is receiving support today on an increase in safe-haven demand after crude oil prices gained...
Blue Line Futures · Mon May 4, 6:38AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 651)
Wavetraders · Mon May 4, 3:40AM CDT
Gold is turning slightly lower after the recent rebound, which unfolded in a corrective manner with a three-wave move into the 4661 area. Now price is...
ONE44 Analytics · Sun May 3, 11:53AM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Barchart · 4 minutes ago
The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw gains of 3 ¼ to 6 ½ cents on the session. KC HRW futures...
Barchart · 4 minutes ago
Live cattle futures settled with $1.25 to $2 losses across most contracts on Monday. Cash trade from last week started at $250-252 across the country and...
Barchart · 4 minutes ago
Soybeans posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. The cmdtyView national average Cash Bean price was up 17 3/4 cents at $11.54...
Barchart · 4 minutes ago
Cotton futures closed the Monday session with contracts down 30 to 127 points across most contracts. The US dollar index was $0.146 higher at $98.065....
Barchart · 4 minutes ago
Corn futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. The CmdtyView national average Cash Corn price was 5 cents higher on the day to $4.44...
Barchart · 4 minutes ago
Lean hog futures posted losses of 32 cents to $1.55 at the Monday close. USDA’s national base hog price was reported at $94.44 on Monday afternoon, up...
Barchart · 1 hour ago
Cathie Wood's move signals that the market may be treating the spending surge as a temporary overhang on an otherwise intact long-term growth thesis.
Barchart · 1 hour ago
CEO Anthony Noto is urging investors to value SoFi as a high-growth tech platform rather than a traditional bank, pointing to 18 consecutive quarters of...
