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Gold Dec '21 (GCZ21)

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Gold Futures Market News and Commentary

Dollar Ends Little Changed as Stocks Rally

The dollar index (DXY00) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low.  Strength in stocks on Friday reduced demand for dollar liquidity.  The dollar is still weighed down by negative carryover from Wednesday, when the US Treasury boosted liquidity and announced plans to increase buybacks of long-dated bonds.  Friday’s US economic news was mixed for the dollar, with the Aug S&P manufacturing PMI falling more than expected, but the Aug S&P services PMI rising more than expected.

The US Aug S&P manufacturing PMI fell -0.7 to 53.2, weaker than expectations of no change at 53.9, but the Aug S&P services PMI unexpectedly rose +2.8 to 56.8, stronger than expectations of a decline to 54.0 and the fastest pace of expansion in 4.5-years.

The markets are discounting a 40% probability of a +25 bp rate hike at the next FOMC meeting on September 15-16.

EUR/USD (^EURUSD) matched Thursday’s 3.25-month high on Friday and finished up by +0.02%.  Signs of s... Read more

Puzzle of money by TPopova via iStock
Dollar Ends Little Changed as Stocks Rally

The dollar index (DXY00 ) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low. Strength in stocks on Friday reduced demand for dollar...

A concept image of a man carrying a bag that says debt on his back by Dilok Klaisataporn via Shutterstock
Dollar Little Changed as Stocks Climb and Crude Oil Stabilizes

The dollar index (DXY00 ) is down by -0.03% today, holding just above Thursday’s 3.25-month low. Strength in stocks today has reduced demand for dollar...

Gold bullion stacked by Steve Bidmead via Pixabay
Silver Up 19% in August, Gold RIPS Through $4,640! Is $5,000 Next? | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 728)

Pile of money by Atlantagreg via iStock
Dollar Recovers Early Losses on US Economic Strength

The dollar index (DXY00 ) recovered from a 3-month low on Thursday and finished up +0.08%. Short covering emerged in the dollar on Thursday amid better-than-expected...

Holding money bunched in fist by Iana Miroshnichenko via iStock
Dollar Rebounds on Strong US Economic News

The dollar index (DXY00 ) recovered from a 3-month low today and is up +0.05%. Short covering emerged in the dollar today on better-than-expected US economic...

Gold bullion rounded by istara via Pixabay
Silver Rockets to $67! Is $5,000 Gold Coming? Next Levels to Watch | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 727)

Why Investing in IPOs Has Become a High-Stakes Coin Flip

Ahead of the potential OpenAI and Anthropic initial public offerings, it's important to realize how hit-or-miss IPO investing can be. Here's what to know....

Walmart Fell 9%. I’m Not Sure This Is Just a Walmart Problem

Walmart’s 9% drop may be less about a broken business and more about a consumer becoming increasingly selective with every dollar.

SoundHound Is Making a Big AI Bet That Could Be a Margin Game Changer

SoundHound is taking control of its AI, and its margins could surge.

Nvidia Stock Is Treading Water Ahead of Earnings This Week - What's the Best NVDA Play?

Nvidia will release earnings on Wednesday, Aug. 26, after the market closes. NVDA stock has been treading water ahead of earnings, but expect volatility....

Duolingo Stock Is Shaking Off AI Fears

AI was supposed to threaten Duolingo’s future. But surging user growth suggests the company may be turning the technology into its biggest growth catalyst....

500 Reasons to Buy Einride Stock Today

Is Einride’s 500-truck Tesla deal the catalyst that could make ENRD stock a wise portfolio addition today?

Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside

Its exceptionally strong revenue and earnings growth and low valuation indicate further upside in Nvidia stock.

David Einhorn Just Bet $61.5 Million on PayPal. Why PYPL Looks Cheap Again.

David Einhorn’s DME Capital bought 1.42 million PayPal shares worth $61.5 million as earnings, cash flow, and the company’s outlook improve.

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