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

Dollar Gains with Bond Yields at Decade Highs

The dollar index (DXY00) on Wednesday rose by +0.36% and posted a 9-3/4 month high.  The dollar found support from Wednesday’s stronger-than-expected U.S. Aug capital goods new orders report, which helped push the 10-year T-note yield to a 16-year high and strengthened the dollar’s interest rate differentials.  Also, a slump in the S&P 500 to a 3-3/4 month low boosted the liquidity demand for the dollar.  In addition, weakness in the euro and the yen supported the dollar as the euro fell to an 8-1/2 month low against the dollar, and the yen tumbled to an 11-month low against the dollar.   

Wednesday’s U.S. economic news was supportive for the dollar after Aug capital goods new orders nondefense ex-aircraft and parts rose +0.9% m/m, stronger than expectations of +0.1% m/m and the biggest increase in 7 months.

Dovish comments Wednesday from Minneapolis Fed President Kashkari were bearish for the dollar when he said a government shutdown and a prolonged auto strike may slow... 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
$913/830
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
Biden to Host EU Chiefs as Steel Deadline Looms

The leaders were also likely to address green subsidies in the US Inflation Reduction Act and the metal tariffs issue.

HVV23 : 722.00 (+1.40%)
THV23 : 400.00s (+2.56%)
C-V23 : 375.00s (+0.81%)
V7X23 : 550.00s (-0.54%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
Final 9,500 Tonne Load of Scrap Metal Shipped from Esperance

Sims Metal regional operations manager WA David Brackstone said the third and final shipment of scrap metal showcased the positive outcomes regional collaborations can deliver in sustainability.

Chinese and Russian Aluminum Groups Sign Deal to Deepen Ties

Western nations haven’t placed direct sanctions on buying Russian aluminum, but some buyers and banks have shunned the trade on ethical grounds or because financing and logistics have become too complex....

ALZ23 : 2,289.00 (+1.99%)
Q8Z23 : 2,240.25s (-0.21%)
R8V23 : 1,544.50s (unch)
ALPAUSY15.CM : 0.6939 (unch)
ALPAUSY51.CM : 0.4211 (-0.21%)
Algoma Steel Moves to Reduce its Mountains of Slag

The aggregates that remain after iron has been extracted are considered less valuable, and are often used for road construction, says Mike Panzeri, senior vice- president, production.

HVV23 : 722.00 (+1.40%)
THV23 : 400.00s (+2.56%)
C-V23 : 375.00s (+0.81%)
V7X23 : 550.00s (-0.54%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
EPA Staff Undergo Training in E-Waste Management

It drew staff from the Head office, Accra West, East and Kasoa office.

U8V23 : 33,082.00s (unch)
LIBERTY Steel Hits Milestone in its Journey to Green Steel Production

To mark the occasion, Prime Minister Anthony Albanese toured the company’s Whyalla Steelworks.

HVV23 : 722.00 (+1.40%)
THV23 : 400.00s (+2.56%)
C-V23 : 375.00s (+0.81%)
V7X23 : 550.00s (-0.54%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
CODELCO: Copper Output Recovery to Commence in 2024

Codelco had recently cut its 2023 production forecast to range between 1.31 million tons and 1.35 million tons.

HGZ23 : 3.7055 (+1.90%)
HJV23 : 3.6195s (-0.07%)
QCZ23 : 3.7000 (+1.75%)
O9Z23 : 8,113.25s (+0.29%)
CUPAUSY2.CM : 2.7495 (-1.11%)
CUPAUSY6.CM : 2.4398 (+0.02%)
CUPAUSY1.CM : 2.8143 (unch)
Gold Trade Body Suggests Good Time to Buy Gold

Based on historical data, investment demand accounts for nearly 38% of the total gold demand.

GCZ23 : 1,892.8 (+0.10%)
GRZ23 : 1,892.7 (+0.10%)
Nucor to Collaborate with Helion to Launch Historic Fusion Power Plant

The baseload zero-carbon electricity from fusion will be offered directly to Nucor’s steelmaking facility.

HVV23 : 722.00 (+1.40%)
THV23 : 400.00s (+2.56%)
C-V23 : 375.00s (+0.81%)
V7X23 : 550.00s (-0.54%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
27th September, 2023: Scrap Gold, Silver and Platinum Prices Dropped on Index

Silver scrap prices went lower by $ 0.45 per Oz.

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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