Commodities Report: Market Flow Update

Option flow & Demand Supply Anaylsis

Hello Traders,

Precious metals have turned more volatile as the U.S. dollar starts to rebound against major FX pairs, creating near-term pressure on gold and silver. In FX markets, analysts see EUR/USD struggling as dollar strength re-emerges, with upside capped unless growth or policy expectations shift meaningfully. USD/CAD remains sensitive to rate differentials and oil, but the near-term bias favors a firmer dollar as U.S. data continues to outperform.

Supporting this move, the Atlanta Fed GDPNow estimate has surged toward 5%, pointing to strong U.S. growth momentum. If today’s labor-market data confirms continued resilience, it would reinforce the idea that the U.S. economy remains stronger than its peers — a setup that could extend dollar strength.

This combination — stronger growth expectations, a resilient labor market, and a rebounding dollar — helps explain the recent stall and volatility in precious metals. While the broader medium-term trend remains constructive, near-term price action will stay sensitive to FX moves and incoming macro data as markets reassess the balance between growth, inflation, and policy expectations.

Now let’s move into Option GEX analysis to understand how traders are positioned on silver, gold, uranium, copper and OIL: