Gold and Silver Stocks Continue to Drop As Gold Hits 2-1/2-Week Low

Tiger Newspress04-23

Gold prices fell to a more than two-week low on Tuesday amid easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key U.S. data for fresh clues on the Federal Reserve's interest rate trajectory.

Spot gold fell 0.8% to $2,308.85 per ounce, as of 0820 GMT, after hitting its lowest since April 5 earlier in the session. U.S. gold futures slipped 1% to $2,322.10.

"Gold has been the recipient of different types of buying flows in recent months, and now one of those flows has slightly dried up with safe-haven demand receding. Investors are seeing this as an opportunity to lock in some profits after gold's recent (strong) run," said Tim Waterer, chief market analyst at KCM Trade.

Gold dipped more than 2% on Monday, its biggest intraday fall in over a year, as fears of a wider regional conflict eased after Iran said it had no plan to retaliate following an apparent Israeli drone attack.

Gold and Silver stocks continued to drop in premarket trading Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

7

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1123412260?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-23 17:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123412260","market":"us","top_or_hot":-1,"title":"Gold and Silver Stocks Continue to Drop As Gold Hits 2-1/2-Week Low","media":"Tiger Newspress","content":"<html><head></head><body><p>Gold prices fell to a more than two-week low on Tuesday amid easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key U.S. data for fresh clues on the Federal Reserve&#39;s interest rate trajectory.</p><p>Spot gold fell 0.8% to $2,308.85 per ounce, as of 0820 GMT, after hitting its lowest since April 5 earlier in the session. U.S. gold futures slipped 1% to $2,322.10.</p><p>&#34;Gold has been the recipient of different types of buying flows in recent months, and now one of those flows has slightly dried up with safe-haven demand receding. Investors are seeing this as an opportunity to lock in some profits after gold&#39;s recent (strong) run,&#34; said Tim Waterer, chief market analyst at KCM Trade.</p><p>Gold dipped more than 2% on Monday, its biggest intraday fall in over a year, as fears of a wider regional conflict eased after Iran said it had no plan to retaliate following an apparent Israeli drone attack.</p><p>Gold and Silver stocks continued to drop in premarket trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3f6492be75bd8661c377c8c4edf555cd\" tg-width=\"404\" tg-height=\"663\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a40116052b978f6d2c8e6b7f186cc012\" tg-width=\"402\" tg-height=\"138\"/></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold and Silver Stocks Continue to Drop As Gold Hits 2-1/2-Week Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold and Silver Stocks Continue to Drop As Gold Hits 2-1/2-Week Low\n</h2>\n\n<h4 class=\"meta\">\n\n2024-04-23 17:36 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold prices fell to a more than two-week low on Tuesday amid easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key U.S. data for fresh clues on the ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDE","symbol_name":"科尔黛伦矿业","start_time":0,"source_url":"","article_id":"1123412260","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123412260","pubTimestamp":1713865004,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Gold prices fell to a more than two-week low on Tuesday amid easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key U.S. data for fresh clues on the Federal Reserve's interest rate trajectory.Spot gold fell 0.8% to $2,308.85 per ounce, as of 0820 GMT, after hitting its lowest since April 5 earlier in the session. U.S. gold futures slipped 1% to $2,322.10.\"Gold has been the recipient of different types of buying flows in recent months, and now on","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CDE":"科尔黛伦矿业","EXK":"Endeavour Silver","HMY":"哈莫尼黄金","PAAS":"泛美白银","AG":"First Majestic Silver Corporation","KGC":"金罗斯黄金","GOLD":"巴里克黄金","HL":"赫克拉矿业","GFI":"金田","AU":"AngloGold Ashanti Ltd ADS","NEM":"纽曼矿业"},"translate_title":"随着黄金触及两周半低点，黄金和白银股票继续下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AG":1.1,"AU":1.1,"CDE":1.1,"EXK":1.1,"GFI":1.1,"GOLD":1.1,"HL":1.1,"HMY":1.1,"KGC":1.1,"NEM":1.1,"PAAS":1.1},"content_text":"Gold prices fell to a more than two-week low on Tuesday amid easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key U.S. data for fresh clues on the Federal Reserve's interest rate trajectory.Spot gold fell 0.8% to $2,308.85 per ounce, as of 0820 GMT, after hitting its lowest since April 5 earlier in the session. U.S. gold futures slipped 1% to $2,322.10.\"Gold has been the recipient of different types of buying flows in recent months, and now one of those flows has slightly dried up with safe-haven demand receding. Investors are seeing this as an opportunity to lock in some profits after gold's recent (strong) run,\" said Tim Waterer, chief market analyst at KCM Trade.Gold dipped more than 2% on Monday, its biggest intraday fall in over a year, as fears of a wider regional conflict eased after Iran said it had no plan to retaliate following an apparent Israeli drone attack.Gold and Silver stocks continued to drop in premarket trading Tuesday.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123412260"}