Gold Dec '24 (GCZ24)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Thursday rose by +0.14%. The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains and turned lower, boosting liquidity demand for the dollar. The dollar also found support on Thursday’s dollar-friendly news on weekly jobless claims, Q1 nonfarm productivity, Q1 unit labor costs, construction spending, and consumer credit. In addition, hawkish comments from Boston Fed President Susan Collins and Cleveland Fed President Beth Hammack were supportive of the dollar when they said they favored keeping interest rates on hold.Â
The dollar initially moved lower on Thursday amid optimism that a peace deal between the US and Iran is imminent, which curbed safe-haven demand for the dollar today. Also, Thursday’s early rally in the S&P 500 to a new record high dampened liquidity demand for the dollar.Â
The markets are awaiting further updates after the US presented a proposal to Iran that would gradually reope... Read more
Barchart · Thu May 7, 2:43PM CDT
The dollar index (DXY00 ) on Thursday rose by +0.14%. The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains...
Barchart · Thu May 7, 2:00PM CDT
After silver’s explosive move to nearly $122 per ounce in late January, the price corrected by over $60 and is now consolidating around $76. Silver has...
WealthUp · Thu May 7, 12:56PM CDT
Don't want the work of owning and storing physical silver? These 3 silver ETFs are far more convenient ways to invest in the argent metal.
MoneyShow · Thu May 7, 10:55AM CDT
In this episode, Larry McDonald joins the MoneyShow MoneyMasters Podcast to discuss what he calls the "Great Migration" of capital from tech and growth...
Barchart · Thu May 7, 9:34AM CDT
The dollar index (DXY00 ) today is down by -0.14% but remains above Wednesday's 2.5-month low. Optimism that a peace deal between the US and Iran is imminent...
Blue Line Futures · Thu May 7, 6:09AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 654)
Barchart · 1 hour ago
Soybeans bounced off the early session lows on Thursday, with contract closing fractionally to 2 ½ cents lower. The cmdtyView national average Cash Bean...
Barchart · 1 hour ago
The wheat complex remained under pressure on Thursday, with the three markets falling into the close. Chicago SRW futures posted losses of 4 ¼ to 8 cents...
Barchart · 1 hour ago
Live cattle futures closed the Thursday session with contracts down $2.80 to $3.92 despite a failed midday rally off the lows. Cash trade has seen action...
Barchart · 1 hour ago
Corn futures posted some strength off early lows on Thursday, as contracts were steady to a penny lower in most front months. A few deferreds closed fractionally...
Barchart · 1 hour ago
Cotton futures closed the Thursday session with contracts down 22 to 110 points. The US dollar index was $0.275 higher at $98.150. Despite early talk of...
Barchart · 1 hour ago
Lean hog futures posted mixed action on Thursday, with front months down 20 to 32 cents and the rest of the board up a nickel to 80 cents. The CME Lean...
Barchart · 1 hour ago
Our ETF columnist addresses the knowledge gap in bonds and explains how equity-loving investors can build a bond ladder for safety.
Barchart · 1 hour ago
Applied Digital recently spun off ChronoScale, its cloud unit.
