Rally

Dow Futures Rally After Oil Shock as Attention Shifts to Reopening U.S. Economy

Dow Jones futures climbed by as much as 132 points in after-hours trading. Crude oil for June delivery stabilized after the front-month May contract crashed on Monday. American businesses are taking tentative steps to shield their employees from Covid-19 once lockdown restrictions ease. Dow futures rallied overnight Monday, shaking off some of the bearishness from…

Dow & Gold Rally in Unison as Fear Mixes with Euphoria on Wall Street

Stock market euphoria returned on Wednesday as the Dow Jones, Nasdaq, and S&P 500 pushed back towards record highs. This confidence in risk assets belies demand for safe-havens as the price of gold continues to surge. Concerns about risk-taking and the impact of the coronavirus are potential causes for the jump in XAU/USD. The Dow…

Gold’s Epic Rally Clears the Way for an Even More Insane Milestone

Gold came within $5 of a new seven-year high, gaining 0.7% on the day. Bullion is rallying on renewed haven demand as investors assess the economic blow back of coronavirus. Citigroup is calling for $2,000/oz. gold in the next 12 to 24 months. The price of gold was approaching seven-year highs on Wednesday, as investors…

Dow Futures Rally Loses Steam as Money Market Funds Surge

Futures on the Dow Jones Industrial Average (DJIA) rallied at the start of Monday’s session, fueled by the recently announced trade truce between the United States and China. While demand for risk-on assets has improved, the long-term inflow into money market funds suggests investors are preparing for the worst. Dow Futures Move Higher Futures on…