Gold Micro Oct '23 (GRV23)
Gold Micro Futures Market News and Commentary
The dollar index (DXY00) today climbed to a 1.5-week high and is up by +0.04%. The dollar remains supported amid persistent tensions in the Middle East, which is boosting safe-haven demand for the dollar. Also, rising crude oil prices are pushing up inflation expectations, a hawkish factor for Fed policy and supportive of the dollar.  In addition, signs of strength in US manufacturing activity are bullish for the dollar, following the Apr S&P manufacturing PMI, which expanded at its strongest pace in nearly 4 years.Â
The dollar fell back from its best level after US weekly jobless claims rose more than expected, and the Mar Chicago Fed National Activity Index fell more than expected to a 4-month low.
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. The US said it was waiting for a response from Iran before peace talks could restart, and Iran said it will not... Read more
Barchart · Thu Apr 23, 9:33AM CDT
The dollar index (DXY00 ) today climbed to a 1.5-week high and is up by +0.04%. The dollar remains supported amid persistent tensions in the Middle East,...
Barchart · Wed Apr 22, 2:36PM CDT
The dollar index (DXY00 ) on Wednesday rose to a 1-week high and finished up by +0.20%. The dollar found support on Wednesday as the escalation of the...
Barchart · Wed Apr 22, 12:56PM CDT
Diamonds may be a girl's best friend, but they're your portfolio's worst nightmare. Diamond prices are caving in, and it doesn't look like they're going...
Barchart · Wed Apr 22, 10:56AM CDT
Let’s look at the key outside markets and their present daily price impacts on gold and silver.
Barchart · Wed Apr 22, 9:38AM CDT
The dollar index (DXY00 ) today is down by -0.03%. The dollar gave up an early advance today and turned lower after a rally in stocks reduced liquidity...
Gold Price Forecast · Wed Apr 22, 8:16AM CDT
Technicals and fundamentals align - and it doesn't look good for the precious metals in the medium term.
Barchart · 15 minutes ago
The firm has upped its stake in the company by buying more than four million shares.
Barchart · 20 minutes ago
May NY world sugar #11 (SBK26 ) today is up +0.04 (+0.29%), and Aug London ICE white sugar #5 (SWQ26 ) is up +3.80 (+0.90%). Sugar prices are climbing...
Barchart · 20 minutes ago
Riding a wave of AI-driven partnerships and improving market sentiment, Broadcom has climbed to record highs. Should you buy the stock now?
Barchart · 29 minutes ago
Apple is getting a new CEO, with John Ternus set to take the reins from Tim Cook on Sept. 1.
Barchart · 32 minutes ago
Michael Burry’s move to buy Salesforce stock highlights a potential contrarian opportunity, but investors must weigh whether AI-driven disruption risks...
Barchart · 36 minutes ago
May ICE NY cocoa (CCK26 ) today is up +24 (+0.72%), and May ICE London cocoa #7 (CAK26 ) is up +14 (+0.56%). Cocoa prices are moving higher today on concern...
Barchart · 40 minutes ago
Evergy is expected to report its first-quarter results in May, and analysts expect a double-digit earnings increase.
