Gold Dec '30 (GCZ30)
Gold Futures Market News and Commentary
The dollar index (DXY00) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices of more than +5%. The dollar is also seeing support from today's US unemployment claims report, which showed a slightly stronger US labor market than market expectations.
The dollar is also seeing safe-haven demand after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesd... Read more
Barchart · Thu Jul 23, 9:54AM CDT
The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by...
Blue Line Futures · Thu Jul 23, 6:05AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)
Barchart · Wed Jul 22, 2:35PM CDT
The dollar index (DXY00 ) fell by -0.04% on Wednesday. The dollar posted modest losses on Wednesday amid a mild recovery in the euro and the yen. The...
Barchart · Wed Jul 22, 9:33AM CDT
The dollar index (DXY00 ) is down by -0.10% today. The dollar is under modest pressure today amid a recovery in the yen, which rose from a 39-year low...
TradeGuidance · Wed Jul 22, 6:46AM CDT
We analyze the portfolio of metals futures which is prevalent in our own trading almost everyday.
Blue Line Futures · Wed Jul 22, 6:12AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 706)
Barchart · 23 minutes ago
Applied Materials is set to report its third-quarter results in August, and analysts expect a double-digit earnings increase.
Barchart · 25 minutes ago
Amazon is cutting jobs as part of an internal reorganization in order to focus resources on higher-priority AI projects. Meanwhile, it continues to invest...
Barchart · 28 minutes ago
Seagate appears well-positioned to deliver another strong quarter, supported by robust demand for high-capacity storage solutions.
Barchart · 37 minutes ago
Oil's spike toward $100 fueled both bullish and bearish long-dated options activity yesterday among some of the more popular stocks. Even Airjoule's speculative...
Barchart · 41 minutes ago
Cotton futures are trading with 8 to 57 point gains across most contracts at midday. Crude oil is up another $5.71 per barrel, with the US dollar index...
Barchart · 41 minutes ago
Live cattle futures are getting a bounce, with $1.40 to $1.80 gains at midday. Cash trade saw a few $230-232 sales on Wednesday, though there has not been...
Barchart · 41 minutes ago
Lean hog futures are trading with 40 to 60 cent gains at midday. USDA’s national base hog price was reported at $101.76 Thursday morning, up 72 cents...
Barchart · 41 minutes ago
Corn futures are continuing the push higher with contracts up 3 to 4 ¼ cents so far on the Thursday session. The CmdtyView national average Cash Corn...