Gold Micro Dec '25 (GRZ25)
Gold Micro Futures Market News and Commentary
The dollar index (DXY00) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low. Strength in stocks on Friday reduced demand for dollar liquidity. The dollar is still weighed down by negative carryover from Wednesday, when the US Treasury boosted liquidity and announced plans to increase buybacks of long-dated bonds. Friday’s US economic news was mixed for the dollar, with the Aug S&P manufacturing PMI falling more than expected, but the Aug S&P services PMI rising more than expected.
The US Aug S&P manufacturing PMI fell -0.7 to 53.2, weaker than expectations of no change at 53.9, but the Aug S&P services PMI unexpectedly rose +2.8 to 56.8, stronger than expectations of a decline to 54.0 and the fastest pace of expansion in 4.5-years.
The markets are discounting a 40% probability of a +25 bp rate hike at the next FOMC meeting on September 15-16.
EUR/USD (^EURUSD) matched Thursday’s 3.25-month high on Friday and finished up by +0.02%. Signs of s... Read more
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The dollar index (DXY00 ) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low. Strength in stocks on Friday reduced demand for dollar...
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Barchart · 40 minutes ago
Lean hog futures posted gains of 50 to 77 cents across most contracts on Friday, with October slipping 87 cents on the week. USDA’s national base hog...
Barchart · 40 minutes ago
Live cattle futures pull off early losses on Friday, with contracts closing down 30 cents to $1.15 higher. October was up 95 cents on the week. Open interest...
Barchart · 40 minutes ago
Wheat is back to stronger trade on Monday morning, with contracts 7 to 13 cents higher. The wheat complex is in the red across the three exchanges on Friday....
Barchart · 40 minutes ago
Cotton price action is down 4 to 42 points so far on Monday morning. Futures were up 1 to 7 points in the front months on Friday, with contracts down 8...
Barchart · 41 minutes ago
Soybeans are fading lower so far on Monday morning, contracts down 4 to 6 ½ cents. Futures pushed higher late on Friday, with contracts up 1 to 4 ¼ cents...
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Corn prices shot higher at the Sunday night open in response to the Pro Farmer yield projection, up 12 to 13 cents so far on Monday morning. Futures found...