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Gold Aug '23 (GCQ23)

1,936.5s +18.6 (+0.97%) 08/29/23 [COMEX]
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News & Headlines for Tue, Aug 29th, 2023
Dollar Weakens as Tariff Concerns Persist

The dollar index (DXY00 ) Thursday fell by -0.49%. The dollar posted moderate losses Thursday because of concerns that the US-China trade war will drag on after China said there were no talks on reaching...

DXY00 : 99.377 (-0.47%)
GCM25 : 3,301.7 (-1.40%)
SIK25 : 33.250 (-0.76%)
^USDJPY : 143.385 (+0.53%)
^EURUSD : 1.13527 (-0.32%)
Dollar Falls on Signs the US-China Trade War Will Linger

The dollar index (DXY00 ) today is down by -0.51%. The dollar is moderately lower today because of concerns that the US-China trade war will drag on after China said there were no talks on reaching a...

DXY00 : 99.377 (-0.47%)
GCM25 : 3,301.7 (-1.40%)
SIK25 : 33.250 (-0.76%)
^USDJPY : 143.385 (+0.53%)
^EURUSD : 1.13527 (-0.32%)
The Dip Buyers In Gold are Back! - Silver's Time to Shine?

Gold catches a bid as bargain hunters step in—can silver follow with a breakout of its own? Phil Streible breaks down the setup in today’s Metals Minute.

The Dip Buyers In Gold are Back! - Silver's Time to Shine?

Gold catches a bid as bargain hunters step in—can silver follow with a breakout of its own? Phil Streible breaks down the setup in today’s Metals Minute.

Dollar Rallies as Trade Tensions Ease and Trump Says He Won't Fire Powell

The dollar index (DXY00 ) Wednesday rose by +0.87%. The dollar rallied Wednesday due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be "very nice" to China...

DXY00 : 99.377 (-0.47%)
GCM25 : 3,301.7 (-1.40%)
SIK25 : 33.250 (-0.76%)
^USDJPY : 143.385 (+0.53%)
^EURUSD : 1.13527 (-0.32%)
Can Silver Rally if Gold Continues to Crash? The Driver

Gold pulls back sharply—but can silver break away and shine on its own? Phil Streible dives into the key technicals, macro drivers, and trader positioning in today’s Metals Minute.

Dollar Gains on President Trump’s Softer Tone on Trade and Fed Independence

The dollar index (DXY00 ) today is up by +0.57%. The dollar is climbing today due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be “very nice” to China...

DXY00 : 99.377 (-0.47%)
GCM25 : 3,301.7 (-1.40%)
SIK25 : 33.250 (-0.76%)
^USDJPY : 143.385 (+0.53%)
^EURUSD : 1.13527 (-0.32%)
Elliott Wave Live: Gold At Extreme, Is Silver Next?

Stocks were firstly down on Monday, as market was again dealing with uncertainty, as there were talk by Trump who want someone who will replace Powell, who will more likely to cut rates. But if the Fed’s...

Chart of the Day - July Copper

Not everything that can glitter is Gold

Dollar Rebounds on US Trade Deal Optimism

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after...

DXY00 : 99.377 (-0.47%)
GCM25 : 3,301.7 (-1.40%)
SIK25 : 33.250 (-0.76%)
^USDJPY : 143.385 (+0.53%)
^EURUSD : 1.13527 (-0.32%)
Nat-Gas Prices Plunge on Above-Normal US Temps

May Nymex natural gas (NGK25 ) on Monday closed down by -0.229 (-7.06%). May nat-gas prices plunged to a 2-3/4 month low on Monday and settled sharply lower. Forecasts for warmer US temperatures that...

NGM25 : 3.050 (-1.52%)
Is Chevron Stock Too Cheap With Its 5.1% Yield After Its Recent Dividend Hike?

Chevron pays an annualized dividend per share of $6.84, so at today's price, CVX stock sports a 5.1 %+ annual dividend yield. Is that too cheap, especially since its average over the last 5 years is well...

CVX : 139.07 (+1.75%)
Risk-Off Sentiment in Asset Markets Weighs on Crude Prices

May WTI crude oil (CLK25 ) today is down -1.67 (-2.58%), and May RBOB gasoline (RBK25 ) is down -0.0408 (-1.94%). Crude oil and gasoline prices today are moderately lower. Today's stock sell-off has sparked...

CLM25 : 61.95 (-1.34%)
RBM25 : 2.0810 (-0.73%)
DXY00 : 99.614 (+0.24%)
What to Expect From Expand Energy's Q1 2025 Earnings Report

Expand Energy will release its first-quarter earnings next week, and analysts anticipate a robust triple-digit bottom-line growth.

XLE : 82.54 (+1.60%)
EXE : 104.40 (-0.59%)
$SPX : 5,484.77 (+2.03%)
CenterPoint Energy Earnings Preview: What to Expect

CenterPoint Energy will release its first-quarter earnings this week, and analysts anticipate bottom-line to remain unchanged year over year.

XLU : 78.45 (+0.15%)
CNP : 37.90 (+1.50%)
$SPX : 5,484.77 (+2.03%)
What to Expect From EOG Resources' Next Quarterly Earnings Report

EOG Resources is set to announce its Q1 results in the upcoming month, and analysts expect a slight decrease in earnings.

XLE : 82.54 (+1.60%)
$SPX : 5,484.77 (+2.03%)
EOG : 113.46 (+1.69%)
Parker-Hannifin's Quarterly Earnings Preview: What You Need to Know

Parker-Hannifin is gearing up to announce its Q3 results in the next month, and analysts expect a single-digit growth in earnings.

XLI : 129.02 (+2.24%)
$SPX : 5,484.77 (+2.03%)
PH : 596.81 (+2.75%)
(DOWNLOAD A FREE REPORT): How the weak dollar, Trade Tariffs and weather are affecting natural gas, metals and more

Jim’s video

NGK25 : 2.878 (-1.77%)
NFK25 : 80.400 (-1.05%)
TGK25 : 33.240 (-0.99%)
UNG : 15.50 (-1.46%)
KOLD : 30.65 (+2.10%)
BOIL : 47.94 (-1.94%)
Crude Prices Finish Sharply Higher on US Trade Deal Hopes and Iranian Oil Export Risks

May WTI crude oil (CLK25 ) Thursday closed up +2.21 (+3.54%), and May RBOB gasoline (RBK25 ) closed up +0.0554 (+2.71%). Crude oil and gasoline prices rallied sharply on Thursdays to 1-1/2 week highs....

CLM25 : 61.95 (-1.34%)
RBM25 : 2.0810 (-0.73%)
Warm US Spring Temps Weigh on Nat-Gas Prices

May Nymex natural gas (NGK25 ) on Thursday closed down by -0.002 (-0.06%). May nat-gas prices on Thursday fell to a 2-1/2 month low and settled slightly lower. On Thursday, nat-gas prices were under pressure...

NGM25 : 3.050 (-1.52%)

Barchart Exclusives

This 1 ‘Strong Buy’ Stock Is Already Surging on Trump’s Tariffs. Analysts Think It Can Double From Here.
Although First Solar is trading at a discount to consensus price targets in April 2025, some experts warn that caution is warranted. Read more

Barchart Metals News

Dollar Weakens as Tariff Concerns Persist
The dollar index (DXY00 ) Thursday fell by -0.49%. The dollar posted moderate losses Thursday because of concerns that the US-China trade war will drag on after China said there were no talks on reaching a trade deal with the US. Also, Treasury Secretary Bessent said President Trump hasn't offered... Read more
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