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Gold Dec '25 (GCZ25)

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Gold Futures Market News and Commentary

Dollar Slips on Economic Woes

The dollar index (DXY00) on Friday fell to a 1-week low and finished down by -0.15%.  The dollar moved lower on Friday due to some carryover pressure from Thursday, when a report from Challenger showed US job cuts in October surged by 175% y/y, the most in 22 years, bolstering the outlook for the Fed to keep cutting interest rates.  The dollar fell to its lows on Friday after the University of Michigan's US Nov consumer sentiment index fell more than expected to a nearly 3.5-year low.

The dollar is still under pressure from the ongoing US government shutdown.  The longer the shutdown is maintained, the more likely the US economy will suffer and the more likely the Fed will have to cut interest rates. 

Losses in the dollar were limited on Friday amid weakness in stocks, which boosted liquidity demand for the dollar.  Also, hawkish comments on Friday from Fed Vice Chair Philip Jefferson were supportive of the dollar when he said the Fed should proceed slowly with any addit... Read more

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  • Dollar Slips on Economic Woes

    The dollar index (DXY00 ) on Friday fell to a 1-week low and finished down by -0.15%. The dollar moved lower on Friday due to some carryover pressure...

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    The dollar index (DXY00 ) is down today by -0.30%. The dollar is retreating today after a report from Challenger showed US job cuts in October surged...

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