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Gold Dec '28 (GCZ28)

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Gold Futures Market News and Commentary

Dollar Slips on Weak US Economic News

The dollar index (DXY00) is down by -0.24% today and just above Wednesday's 4-week low.  Weaker-than-expected US economic news today is weighing on the dollar.  Q4 GDP was unexpectedly revised lower, Feb personal income and spending rose less than expected, and weekly jobless claims rose more than expected to an 8-week high. 

Losses in the dollar are limited as doubts about the sustainability of the US-Iran ceasefire weigh on stocks and boost liquidity demand for the dollar.  Also, today's +4% jump in WTI crude oil prices raises inflation expectations, hawkish for Fed policy, and supportive of the dollar.

US weekly initial unemployment claims rose by +16,000 to an 8-week high of 219,000, showing a weaker labor market than expectations of 210,000.

US Feb personal spending rose +0.5% m/m, weaker than expectations of +0.6% m/m.  Feb personal income unexpectedly fell -0.1% m/m, weaker than expectations of +0.3% m/m and the first decline in nine months.

The US Feb... Read more

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Slips on Weak US Economic News

The dollar index (DXY00 ) is down by -0.24% today and just above Wednesday's 4-week low. Weaker-than-expected US economic news today is weighing on the...

DXY00 : 98.807 (-0.33%)
GCM26 : 4,816.4 (+0.82%)
SIK26 : 75.790 (+0.54%)
^USDJPY : 159.000 (+0.27%)
^EURUSD : 1.17011 (+0.34%)
2 pumpjacks at sunset by vadimrysev via iStock
Oil Surges w/ Gold & Silver Steady! Here is the Oil Contract to Watch

Oil moves higher while gold and silver hold steady, with Phil Streible breaking down the key oil contract in focus and the broader market setup on Metals...

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Falls and Gold Rallies on US-Iran Ceasefire

The dollar index (DXY00 ) on Wednesday fell by -0.71% and posted a 4-week low. The dollar plummeted on Wednesday after the US and Iran agreed to a ceasefire,...

DXY00 : 98.807 (-0.33%)
GCM26 : 4,816.4 (+0.82%)
SIK26 : 75.790 (+0.54%)
^USDJPY : 159.000 (+0.27%)
^EURUSD : 1.17011 (+0.34%)
A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Tumbles and Gold Surges on US-Iran Ceasefire

The dollar index (DXY00 ) is sharply lower today by 1.13% at a 4-week low. The dollar is plummeting today after the US and Iran agreed to a ceasefire,...

DXY00 : 98.807 (-0.33%)
GCM26 : 4,816.4 (+0.82%)
SIK26 : 75.790 (+0.54%)
^USDJPY : 159.000 (+0.27%)
^EURUSD : 1.17011 (+0.34%)
Gold bar graph by Lemonsoup14 via Shutterstock
Gold & Silver Surge Overnight! Where Do We Go From Here? Key Levels

Gold and silver move higher overnight as markets assess the next direction, with Phil Streible breaking down the metals setup and key levels in focus on...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Edges Lower Ahead of Tuesday Night's Iran Deadline

The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a...

DXY00 : 98.807 (-0.33%)
GCM26 : 4,816.4 (+0.82%)
SIK26 : 75.790 (+0.54%)
^USDJPY : 159.000 (+0.27%)
^EURUSD : 1.17011 (+0.34%)
Wedbush: What You Need to Know About the Latest ‘Victory’ for Apple Stock

Analysts remain bullish, citing Apple’s AI push, strong margins, and loyal user base as long-term growth drivers.

AAPL : 258.30 (-0.23%)
Coffee Prices Pressured by Expectations of a Bumper Brazil Coffee Crop

May arabica coffee (KCK26 ) today is down -1.90 (-0.65%), and May ICE robusta coffee (RMK26 ) is down -23 (-0.69%). Coffee prices are under pressure today...

RMN26 : 3,241 (-0.46%)
KCK26 : 292.40 (-0.56%)
Wedbush Is Bullish on Magnificent 7 Amid the 2-Week Ceasefire. Nvidia Is the Top-Rated Stock to Buy Now.

A ceasefire announcement sparked a rebound in tech stocks, and Wedbush sees momentum returning to the ‘Magnificent Seven.’ So, NVIDIA stock could be...

MSFT : 369.71 (-1.23%)
NVDA : 183.28 (+0.66%)
META : 631.68 (+3.14%)
GOOGL : 317.18 (-0.04%)
GOOG : 314.94 (+0.06%)
AAPL : 258.30 (-0.23%)
TSLA : 344.12 (+0.25%)
AMZN : 230.94 (+4.38%)
Why the Food Crisis Is Only Postponed — Not Canceled — Amid U.S.-Iran Ceasefire

The recent ceasefire offers a deceptive sense of security, as the long-term degradation of regional gas infrastructure remains a critical catalyst for...

ZCK26 : 444-6 (-0.56%)
NGK26 : 2.672 (-1.91%)
TGJ26 : 54.814s (+1.18%)
CBM26 : 97.11 (+2.49%)
ZSK26 : 1166-4 (+0.39%)
ZWK26 : 576-6 (-0.60%)
Crude Prices Rally as Strait of Hormuz Remains Blocked

May WTI crude oil (CLK26 ) today is up +6.57 (+6.96%), and May RBOB gasoline (RBK26 ) is up +0.0825 (+2.74%). Crude oil and gasoline prices are moving...

CLK26 : 100.10 (+6.03%)
RBM26 : 2.9617 (+1.41%)
Tesla Earnings Preview: What to Expect When Tesla Reports on April 22

After posting disappointing deliveries data lagging behind analysts, Tesla is lining up to release its first-quarter results later this month.

TSLA : 344.12 (+0.25%)
$IUXX : 24,951.94 (+0.20%)
A $21B AI Deal With Meta Platforms Sounds Huge — But Is CoreWeave Stock a Buy?

Despite the scale of the $21 billion deal, CoreWeave continues to face significant capital expenditure requirements to build and maintain the infrastructure...

CRWV : 92.47 (+4.02%)
META : 631.68 (+3.14%)
Stocks Slide on Skepticism Over US-Iran Ceasefire

The S&P 500 Index ($SPX ) (SPY ) today is down -0.14%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.28%, and the Nasdaq 100 Index ($IUXX...

AMAT : 395.12 (+2.44%)
INTU : 368.46 (-5.11%)
SNDK : 828.30 (+6.07%)
CVX : 192.51 (-0.20%)
CRCL : 91.00 (-3.64%)
SLB : 52.54 (+1.27%)
TXN : 215.06 (+2.95%)
$IUXX : 24,951.94 (+0.20%)
ZNM26 : 111-085 (+0.03%)
OXY : 59.48 (-0.49%)
ESM26 : 6,836.25 (+0.18%)
FANG : 187.11 (+0.34%)
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