Gold Micro Jun '25 (GRM25)
Gold Micro Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.23%.  Today's stock slump is boosting liquidity demand for the dollar. Also, higher crude oil prices today increased inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar. The dollar maintained its gains after the Conference Board US Apr consumer confidence index unexpectedly rose to a 4-month high.
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire.Â
The US Feb S&P composite-20 home price index rose +0.90% y/y, weaker than expectations of +1.12% y/y and the smallest pace of increase in more than 2.5 years.
The Conference Board US Apr consumer confidence index unexpectedly rose by +0.6 to a 4-month high of 92.8, stronger than expectations of a decline to 89.0.
The US Apr Richmond Fed manuf... Read more
Gold Price Forecast · Tue Apr 28, 10:42AM CDT
And that's just the beginning.
Barchart · Tue Apr 28, 9:36AM CDT
The dollar index (DXY00 ) today is up by +0.23%. Today's stock slump is boosting liquidity demand for the dollar. Also, higher crude oil prices today...
Barchart · Mon Apr 27, 2:32PM CDT
The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has...
Barchart · Mon Apr 27, 9:31AM CDT
The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered...
Barchart · Fri Apr 24, 2:33PM CDT
The dollar index (DXY00 ) on Friday fell by -0.24%. The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that...
Gold Price Forecast · Fri Apr 24, 11:41AM CDT
Absurd? Perhaps. But it's still taking place.
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