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Gold Micro Feb '23 (GRG23)
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Gold Micro Futures Market News and Commentary

Stocks Mixed as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know…

The S&P 500 Index ($SPX) (SPY) today is down -0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%.

Stocks are mixed after a smaller-than-expected increase in Nov ADP employment bolstered speculation the Fed is done raising interest rates and will begin cutting them next year.  Stocks found some support earlier on today’s reports that showed U.S. Q3 nonfarm productivity was revised higher and Q3 unit labor costs were revised lower, dovish factors for Fed policy. 

On the positive side for stocks, Campbell Soup is up more than +6% after reporting Q1 adjusted EPS above consensus.  Also, airline stocks are moving higher after the International Air Transport Association (IATA) forecasted airline industry profits to reach $23.5 billion this year, more than double the prediction made in June.  In addition, SentinelOne is up more than +18% after reporting Q3 revenue above consensus a... Read more

Contract Specifications

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Contract
E-Micro Gold 10-oz
Contract Size
10 fine troy ounces
Tick Size
0.1 per troy ounce ($1.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 12:30p.m.) CST
Exchange
COMEX
Point Value
$10
Margin/Maintenance
$858/780
First Notice Date
01/31/23
Expiration Date
02/24/23 (expired)

Seasonal Chart

Gold Micro Feb '23
Average Price Chart for 5 Prior Feb Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1,808.8 unch
on 02/24/23
1,957.9 -7.62%
on 02/02/23
-126.6 (-6.54%)
since 01/24/23
3-Month
1,753.5 +3.15%
on 11/28/22
1,957.9 -7.62%
on 02/02/23
+48.4 (+2.75%)
since 11/23/22
52-Week
1,632.2 +10.82%
on 11/03/22
2,096.6 -13.73%
on 03/08/22
-138.0 (-7.09%)
since 02/24/22

More Gold Micro Quotes

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Most Recent Stories

More News
Stocks Mixed as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. Stocks...

1 Gold Mining Stock Analysts Expect to Double

As gold futures run to new record highs this December, here's a look at one gold and silver mining stock under $5 that could have 2x potential over the next year, according to Wall Street forecasts.

SVM : 2.73 (unch)
Gold/Silver: Precious Metals Try and Find their Footing

Phil Streible with Blue Line Futures discusses Gold, Silver, Copper, Platinum, and other commodity topics.

Gold Price at New Highs? Sellers Say NO.

The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions.

GLD : 188.13 (+0.52%)
GDXJ : 37.66 (+0.67%)
Dollar Gains on Safe-haven Demand from Chinese Debt and a Weak Euro

The dollar index (DXY00 ) on Tuesday finished up by +0.31% and posted a 1-1/2 week high. The dollar found support Tuesday on increased safe-haven demand after Moody’s Investors Service downgraded China’s...

Stocks Mixed as Bond Yields Drop on Weak U.S. Oct JOLTS Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks...

Gold/Silver: How to Play Yesterday’s Blowoff Top – The Metals Minute w/ Phil Streible

Phil Streible with Blue Line Futures discusses Gold, Silver, Copper, Platinum, and other commodity topics.

Dollar Tracks T-Note Yields Higher

The dollar index (DXY00 ) on Monday rose by +0.42% and posted a 1-week high. The dollar on Monday followed a jump in T-note yields on concern that the markets are perhaps being overly optimistic about...

Buy This Physical Gold ETF Under $20 as Futures Test New Highs

Gold surged to a new all-time high in early trading Monday amid a decline in the U.S. dollar and cooling Treasury yields, and more upside could be ahead for the ultimate safe-haven asset. Here's one way...

SGOL : 19.41 (+0.47%)
Will the Rally in Gold Continue?

The price of gold today (GCZ23 ) soared to an all-time high of $2,130.2 an ounce on the COMEX exchange before falling back. Gold prices have climbed more than +16% over the past month from a 9-month low...

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Average Signal Strength.

Key Turning Points

3rd Resistance Point 1,808.8
2nd Resistance Point 1,808.8
1st Resistance Point 1,808.8
Last Price 1,808.8s
1st Support Level 1,808.8
2nd Support Level 1,808.8
3rd Support Level 1,808.8

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52-Week High 2,096.6
Fibonacci 61.8% 1,919.2
Fibonacci 50% 1,864.4
Fibonacci 38.2% 1,809.6
Last Price 1,808.8s
52-Week Low 1,632.2

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