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Gold Dec '24 (GCZ24)

2,617.2s -21.6 (-0.82%) 12/27/24 [COMEX]
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News & Headlines for Fri, Dec 27th, 2024
Dollar Slightly Higher on US Trade Deal Hopes

The dollar index (DXY00 ) Thursday finished little changed, up +0.01%. The dollar found support Thursday due to some optimism about US trade talks after President Trump said US negotiators made “big...

DXY00 : 99.376s (unch)
GCM25 : 3,328.4s (-0.54%)
SIK25 : 32.470s (-1.55%)
^USDJPY : 142.388 (+0.36%)
^EURUSD : 1.13724 (-0.23%)
Is Silver Back on a Bullish Path?

Silver is twice as volatile as gold, making it a highly speculative asset. In March, silver prices looked like they were heading for a test of the 2011 and 1980 highs, but April has been another story....

SIK25 : 32.470s (-1.55%)
Dollar Gains on US Trade Deal Hopes

The dollar index (DXY00 ) today is up by +0.09%. The dollar is modestly higher today due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese...

DXY00 : 99.376s (unch)
GCM25 : 3,328.4s (-0.54%)
SIK25 : 32.470s (-1.55%)
^USDJPY : 142.388 (+0.36%)
^EURUSD : 1.13724 (-0.23%)
Tariff Angst Hammers the Dollar and Boosts Gold to a Record High

The dollar index (DXY00 ) Wednesday fell by -0.92%. The dollar was under pressure Wednesday as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia...

DXY00 : 99.376s (unch)
GCM25 : 3,328.4s (-0.54%)
SIK25 : 32.470s (-1.55%)
^USDJPY : 142.388 (+0.36%)
^EURUSD : 1.13724 (-0.23%)
Dr. Copper Provides Valuable Clues for Commodity Markets, Global Economy

Copper will prescribe what comes next for safe-haven assets like gold and silver as well as the broader market.

GCM25 : 3,328.4s (-0.54%)
CLK25 : 64.68s (+3.54%)
HGK25 : 4.7390s (+1.14%)
HGJ25 : 4.7315s (+1.23%)
SIK25 : 32.470s (-1.55%)
SIK25 : 32.470s (-1.55%)
GCM25 : 3,328.4s (-0.54%)
Silver Completes A Higher Degree Correction; Now Eyeing 36-37 Target

Silver Completes A Higher Degree Correction and its Now Eyeing 36-37 Target area from technical and Elliott wave perspective.

Dollar Falls and Gold Soars to a Record as US-China Trade War Escalates

The dollar index (DXY00 ) today is down by -0.70%. The dollar is under pressure today as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia from...

DXY00 : 99.376s (unch)
GCM25 : 3,328.4s (-0.54%)
SIK25 : 32.470s (-1.55%)
^USDJPY : 142.388 (+0.36%)
^EURUSD : 1.13724 (-0.23%)
Rising Trade War Tensions Boost Precious Metals Overnight!

Safe-haven demand is back on the radar as gold and silver climb overnight. Phil Streible breaks down what’s driving the move and what key levels to watch next in today’s Metals Minute.

European Commodities: Did Nickel Prices Just Bottom?

Here are the European commodity winners and losers to watch this week.

RMN25 : 5,277s (-1.90%)
P8Y00 : 15,683.00s (+0.80%)
DVK25 : 24.35s (+2.53%)
TGK25 : 35.657s (+0.98%)
Dollar Gains on US Economic News and Hawkish Bostic

The dollar index (DXY00 ) Tuesday rose by +0.53%. The dollar Tuesday rose moderately on better-than-expected US economic news on Apr Empire manufacturing survey general business conditions and the Mar...

DXY00 : 99.376s (unch)
GCM25 : 3,328.4s (-0.54%)
SIK25 : 32.470s (-1.55%)
^USDJPY : 142.388 (+0.36%)
^EURUSD : 1.13724 (-0.23%)
Cotton Bounce Higher on Wednesday with Outside Support

Cotton futures posted Wednesday gains of 25 to 71 points. The outside markets were supportive, as crude oil futures were up $1.29/barrel on the day, with the US dollar index back down $0.922 to $99.143....

CTK25 : 66.32s (+0.81%)
CTN25 : 67.13s (+1.15%)
CTZ24 : 71.40s (-1.37%)
Dollar Weakness Fuels Short Covering in Sugar Futures

May NY world sugar #11 (SBK25 ) Wednesday closed up +0.34 (+1.94%), and August London ICE white sugar #5 (SWQ25 ) closed up +7.20 (+1.47%). Sugar prices Wednesday rose moderately as a weaker dollar (DXY00...

CLM25 : 64.01s (+3.53%)
DXY00 : 99.376s (unch)
SBN25 : 17.81s (+0.51%)
SWQ25 : 498.90s (+0.32%)
Short Covering Pushes Cocoa Prices Higher

May ICE NY cocoa (CCK25 ) Wednesday closed up +94 (+1.17%), and May ICE London cocoa #7 (CAK25 ) closed up +52 (+0.90%). Cocoa prices recovered from early losses on Wednesday and settled moderately higher...

DXY00 : 99.376s (unch)
CCN25 : 8,295s (+3.61%)
CAN25 : 6,049s (+3.54%)
Below Normal Rain in Brazil Supports Coffee Prices

May arabica coffee (KCK25 ) Wednesday closed up +6.65 (+1.80%), and May ICE robusta coffee (RMK25 ) closed up +15 (+0.28%). Coffee prices on Wednesday extended this week's rally, with arabica coffee posting...

RMN25 : 5,277s (-1.90%)
KCN25 : 372.60s (-0.32%)
Cotton Bouncing Back on Wednesday

Cotton futures are showing midday gains of 27 to 72 points on Wednesday. Crude oil futures are up $1.07/barrel at midday, with the US dollar index back down $0.717 to $99.245. The Seam reported 4,340 cash...

CTK25 : 66.32s (+0.81%)
CTN25 : 67.13s (+1.15%)
CTZ24 : 71.40s (-1.37%)
Sugar Prices Rebound on Dollar Weakness

May NY world sugar #11 (SBK25 ) today is up +0.32 (+1.83%), and August London ICE white sugar #5 (SWQ25 ) is up +6.70 (+1.37%). Sugar prices today are moderately higher as a weaker dollar (DXY00 ) sparked...

DXY00 : 99.376s (unch)
SBN25 : 17.81s (+0.51%)
SWQ25 : 498.90s (+0.32%)
Dollar Weakness Spurs Short Covering in Cocoa Futures

May ICE NY cocoa (CCK25 ) today is up +21 (+0.26%), and May ICE London cocoa #7 (CAK25 ) is up +50 (+0.86%). Cocoa prices today recovered from early losses and moved moderately higher as a weaker dollar...

DXY00 : 99.376s (unch)
CCN25 : 8,295s (+3.61%)
CAN25 : 6,049s (+3.54%)
Slack Brazil Rains Underpin Coffee Prices

May arabica coffee (KCK25 ) today is up +6.60 (+1.79%), and May ICE robusta coffee (RMK25 ) is up +75 (+1.40%). Coffee prices today extended this week's rally, with arabica coffee posting a 1-1/2 week...

RMN25 : 5,277s (-1.90%)
KCN25 : 372.60s (-0.32%)
European Commodities: Did Nickel Prices Just Bottom?

Here are the European commodity winners and losers to watch this week.

RMN25 : 5,277s (-1.90%)
P8Y00 : 15,683.00s (+0.80%)
DVK25 : 24.35s (+2.53%)
TGK25 : 35.657s (+0.98%)
Cotton Showing Slight Losses Early on Wednesday

Cotton price action is down 18 to 32 cents in early Wednesday Trade. Futures saw a Turnaround Tuesday bounce, to close out the session 66 to 99 points higher. Crude oil futures were down 9 cents/barrel....

CTK25 : 66.32s (+0.81%)
CTN25 : 67.13s (+1.15%)
CTZ24 : 71.40s (-1.37%)

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Barchart Metals News

Dollar Slightly Higher on US Trade Deal Hopes
The dollar index (DXY00 ) Thursday finished little changed, up +0.01%. The dollar found support Thursday due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese officials on a trade deal and expressed confidence that the US would reach a trade... Read more
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