Gold Dec '31 (GCZ31)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.06%. The dollar recovered from early losses on Wednesday and posted modest gains after crude oil prices surged. WTI crude rallied by more than 2% on Wednesday, boosting inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. Also, Wednesday’s stock market slump boosted liquidity demand for the dollar. The dollar initially moved lower on Wednesday after US May consumer prices rose as expected, easing inflation fears and potentially keeping the Fed from tightening monetary policy.Â
US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years. May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.
The dollar also benefits from safe-haven demand amid the ongoing hostilities between the US and Iran. Overnight, the US and Iran exchanged strikes, and the US said it had completed an operation tha... Read more
Barchart · Wed Jun 10, 2:36PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.06%. The dollar recovered from early losses on Wednesday and posted modest gains after crude oil prices...
Barchart · Wed Jun 10, 9:36AM CDT
The dollar index (DXY00 ) today is down by -0.13%. The dollar is under pressure today after US May consumer prices rose as expected, easing inflation...
Blue Line Futures · Wed Jun 10, 6:27AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 679)
Barchart · Tue Jun 9, 2:31PM CDT
The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday's -3% plunge in WTI crude oil prices to a 7-week low lowered inflation expectations, which...
Barchart · Tue Jun 9, 9:37AM CDT
The dollar index (DXY00 ) is moving lower today and is down by -0.28%. Today's -3% plunge in WTI crude oil prices has lowered inflation expectations and...
Blue Line Futures · Tue Jun 9, 6:24AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 678)
Barchart · 15 minutes ago
VICI Properties has considerably underperformed the Nasdaq recently, yet analysts remain moderately optimistic about the stock’s prospects.
Barchart · 50 minutes ago
Equifax has lagged behind the Nasdaq Composite over the past year, and analysts remain moderately bullish about the stock’s outlook.
Barchart · 1 hour ago
First Solar has outperformed the S&P 500 Index over the past year, and analysts remain moderately bullish about the stock’s growth prospects.
Barchart · Wed Jun 10, 6:30PM CDT
These two retail giants just rewarded shareholders with 13% dividend hikes, signaling confidence in their long-term growth prospects.
Barchart · Wed Jun 10, 5:08PM CDT
Soybeans posted gains of 4 to 9 ¼ cents across the board on Wednesday. The cmdtyView national average Cash Bean price was up 10 1/2 cents at $10.68 1/2....
Barchart · Wed Jun 10, 5:08PM CDT
Corn futures slipped off the early gains on the Wednesday session, with July down ½ cent and other contracts fractionally to 2 1/4 cents higher. The CmdtyView...
Barchart · Wed Jun 10, 5:08PM CDT
Lean hog futures saw mixed trade late on Wednesday, with contracts up 70 cents to 75 cents lower. USDA’s national base hog price was reported at $97.52...
Barchart · Wed Jun 10, 5:08PM CDT
Live cattle futures posted gains on Wednesday, with contracts up 42 cents to $2.07 on the day. There were no deliveries issued against June futures on...