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Gold Micro Dec '24 (GRZ24)

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Gold Micro Futures Market News and Commentary

Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold

The dollar index (DXY00) rallied to a 2-week high on Friday and finished up by +0.61%.  The dollar jumped on Friday on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that policymakers will return inflation to their 2% target.   The chance of a Fed rate hike at next month’s FOMC meeting rose to 57% from 36% before Warsh’s speech.  Friday’s unexpected upward revision in the University of Michigan US Aug consumer sentiment index also supported the dollar. 

Limiting gains in the dollar was the unexpected downward revision to US 2026 nonfarm payrolls, signaling the labor market was weaker than previously stated, a dovish factor for Fed policy.  Also, the unexpected contraction in the Aug MNI Chicago PMI is negative for the dollar.

Fed Chair Warsh said he's impressed by the economy, which appears to have strengthened, and said inflation data don't suggest the trend has meaningfully improved.  He added that policymakers must be... Read more

Silver bullion by SonerCdem via iStock
Gold Silver Selloff: Should You Buy the Dip After Warsh Jackson Hole? | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 734)

Image by allstars via Shutterstock
Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold

The dollar index (DXY00 ) rallied to a 2-week high on Friday and finished up by +0.61%. The dollar jumped on Friday on hawkish comments from Fed Chair...

Copper wires by Lukasz Klepaczewski via Pixabay
Is Copper Going to Trade $7 per Pound?

COMEX copper futures have reached another new record high in August 2026. However, LME three-month copper forwards have remained below their January 2026...

Federal Reserve Building 2 by Jeremy Edwards via iStock
Dollar Rallies and Gold Falls on Hawkish Fed Chair Warsh

The dollar index (DXY00 ) rallied to a 1-week high today and is up by +0.41%. The dollar jumped today on hawkish comments from Fed Chair Warsh, who warned...

Silver bars stacked by Walter Freudling via Pixabay
Silver SMASHES $70 to $71.31! Gold Holds 200 DMA, Jackson Hole Today | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 733)

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Finishes Slightly Higher Ahead of Fed Chair Warsh

The dollar index (DXY00 ) rose to a 1-week high on Thursday and finished up by +0.03%. The dollar found some support on Thursday after weekly US jobless...

Strategy Stock Surges as Bitcoin Briefly Tops $80K

MSTR stock jumped as Bitcoin topped $80,000 this week, fueled by Treasury bond buybacks, a short squeeze, and returning institutional demand.

Chevron Stock: Is CVX Underperforming the Energy Sector?

Chevron has underperformed the broader energy sector over the past year, although analysts remain moderately optimistic about the stock’s outlook.

Uber Spent Its Entire 2026 AI Budget in 4 Months. It Just Found a Way to Fix It.

Uber has increased AI usage more than ninefold while keeping spending flat, showing how falling costs could turn AI into a margin booster.

How Is AbbVie’s Stock Performance Compared to Other Healthcare Stocks

AbbVie has underperformed the healthcare peers over the past year, and analysts remain very optimistic about the stock’s outlook.

Is Merck Stock Outperforming the Nasdaq?

Merck has surged past the broader Nasdaq Composite over the past year, and analysts remain somewhat optimistic about the stock’s growth potential.

Is Bank of America Stock Outperforming the Dow?

Bank of America has outpaced the broader market over the past year, and analysts are fairly upbeat about its future potential.

AI Was Supposed to Kill Wix. Google Just Gave It a Way to Fight Back.

Wix was seen as an AI victim, but its Gemini integration could turn the threat into a powerful source of customers.

Wu-Tang Clan Member Raekwon Is a Palantir ‘OG,’ Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket

Palantir's market capitalization has skyrocketed ever since the rapper started repping the company's merch. Why does hip hop have such an outstanding reputation...

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