Gold Dec '21 (GCZ21)
Gold Futures Market News and Commentary
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
Barchart · Fri Aug 21, 2:34PM CDT
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...
Barchart · Fri Aug 21, 9:33AM CDT
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...
Blue Line Futures · Fri Aug 21, 6:12AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 728)
Barchart · Thu Aug 20, 2:36PM CDT
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...
Barchart · Thu Aug 20, 9:32AM CDT
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...
Blue Line Futures · Thu Aug 20, 6:13AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 727)
Barchart · 58 minutes ago
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....
Barchart · 1 hour ago
Walmart’s 9% drop may be less about a broken business and more about a consumer becoming increasingly selective with every dollar.
Barchart · 1 hour ago
SoundHound is taking control of its AI, and its margins could surge.
Barchart · Sun Aug 23, 9:30AM CDT
Nvidia will release earnings on Wednesday, Aug. 26, after the market closes. NVDA stock has been treading water ahead of earnings, but expect volatility....
Barchart · Sun Aug 23, 9:15AM CDT
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....
Barchart · Sun Aug 23, 8:00AM CDT
Is Einride’s 500-truck Tesla deal the catalyst that could make ENRD stock a wise portfolio addition today?
Barchart · Sat Aug 22, 3:52PM CDT
Its exceptionally strong revenue and earnings growth and low valuation indicate further upside in Nvidia stock.
Barchart · Sat Aug 22, 3:17PM CDT
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.