Gold Dec '28 (GCZ28)
Gold Futures Market News and Commentary
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 is curbing safe-haven demand for the dollar today. Also, today's -4% decline in crude oil prices eases inflation expectations and could prompt the Fed to pursue a dovish, dollar-negative monetary policy. In addition, today's rally in the S&P 500 to a new record high has dampened liquidity demand for the dollar.Â
Losses in the dollar are limited due to today's dollar-friendly news on weekly jobless claims, Q1 nonfarm productivity, and Q1 unit labor costs. Also, hawkish comments today 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 markets are awaiting further updates after the US presented a proposal to Iran that would gradually reopen the Strait of Hormuz and lift the US blockade on Iran... Read more
Barchart · 50 minutes ago
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 · Wed May 6, 2:37PM CDT
The dollar index (DXY00 ) fell to a 2.5-month low on Wednesday and finished down by -0.45%. Optimism that a peace deal between the US and Iran is imminent...
Barchart · Wed May 6, 10:09AM CDT
Gold has long been sold as an inflation hedge. There is a much better reason to chase the precious metal and ETFs that track it.
Barchart · Wed May 6, 9:35AM CDT
The dollar index (DXY00 ) tumbled to a 2.5-month low today and is down by -0.46%. Optimism that a peace deal between the US and Iran is near is weighing...
Blue Line Futures · Wed May 6, 6:15AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 653)
Barchart · 11 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.10%, and the Nasdaq 100 Index ($IUXX )...
Barchart · 18 minutes ago
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Barchart · 20 minutes ago
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Barchart · 20 minutes ago
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Barchart · 51 minutes ago
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Barchart · 51 minutes ago
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...
Barchart · 1 hour ago
Due to Fifth Third Bancorp’s outperformance relative to the broader market over the past year, Wall Street analysts maintain a strongly optimistic outlook...
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3 Dividend Aristocrats with strong profit growth, safe payout ratios, decades of raises, and Buy-rated Wall Street support.
