Instrument NameGoldInstrument Symbol(GCG26)

Instrument ExchangeCOMEX

Gold futures have staged a strong recovery after breaking down toward the 4000 area in late June, reclaiming the 4385 support zone as the Strait of Hormuz remains effectively closed and global central banks continue record buying. Sentiment is currently anchored to the Federal Reserve's next move, and while the odds of a September rate hike have not disappeared, this week's in line CPI and cooler than expected PPI prints have pushed those odds lower, even as the underlying inflation risk still traces back to the ongoing Iran war and its effect on energy prices. The coming weeks should hinge on whether buyers can defend the 4385 and 4200 levels, with the yearly VWAP near 4600 standing out as the next major test.

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 723)

We can't tell you whether gold is headed higher or lower. But we can tell you the best ETFs to leverage the metal if it does advance.

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 722)

Gold and Silver are showing signs that the recent correction may be ending, supported by bullish stocks, a weaker US Dollar, and improving risk sentiment. The next pullback should provide important confirmation of whether a larger bullish impulse is underway.

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 721)

Gold prices rally to retest the 200-day moving average following a 29% decline. Analysis of technical resistance levels and commodity market trends.

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 720)

Copper futures pushed to a fresh all time high near 6.90 on August 6, 2026, before profit taking pulled the market back below 6.60. The rally has been driven by anticipation of a US import tariff decision that has pulled record volumes of metal into American warehouses, a suspension at Codelco's El Teniente mine in Chile, and a fresh export ban on copper and cobalt concentrate from the Democratic Republic of Congo. Technically, the market broke out of a multi month consolidation range to print new highs before the latest pullback, and the 6.50 area now stands as the key pivot that will likely determine whether copper resumes its advance or rotates back toward the yearly VWAP near 6.00.

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 719)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 718)

Metals Minute Phil Streible | Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 717)

Gold bugs are celebrating another breakout above the trendline and 50-day moving average. However, with the 50-day MA still declining, caution is warranted before going all-in on gold.

We review our metals setups for the day

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 716)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 715)

NovaRed Mining (NREDF) says it has detected two large anomalies ten kilometers from a producing copper mine, and pitches the target as a matter of national security. Copper is near record highs, and the $9 million explorer, with no reserve and no drill hole, is one of the riskiest ways...

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 714)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 713)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 712)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 711)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 710)

Oil topped BEFORE the bombing stopped - how come?

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 709)

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 708)