Gold Drops Below $1,800 After Fed Takes More Hawkish Turn

Bloomberg2021-06-17

(Bloomberg) -- Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation. The...

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Comments

梁娜娜本人
2021-06-18
梁娜娜本人
Ok
Thanatael
2021-06-17
Thanatael
[呆住]
Calyn
2021-06-17
Calyn
Aaaa..
EvanOng
2021-06-17
EvanOng
Funds flowing into crypto. Will Gold dive further?
股市眈眈
2021-06-17
股市眈眈
Time to buy?
Milosoft
2021-06-17
Milosoft
Good
- kenta:
  .

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It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.\nThe central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.\n“We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”\nSpot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. 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Will Gold dive further?","listText":"Funds flowing into crypto. Will Gold dive further?","text":"Funds flowing into crypto. Will Gold dive further?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161716923","repostId":1198341576,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161427445,"gmtCreate":1623938783487,"gmtModify":1703824041980,"author":{"id":"3569269304903580","authorId":"3569269304903580","name":"股市眈眈","avatar":"https://static.tigerbbs.com/1b8130eeffeaf2e622f537f9117b8214","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Time to buy?","listText":"Time to buy?","text":"Time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161427445","repostId":1198341576,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161484475,"gmtCreate":1623938419497,"gmtModify":1703824011547,"author":{"id":"3579596231052016","authorId":"3579596231052016","name":"Milosoft","avatar":"https://static.tigerbbs.com/6ae762f5bbae5517a60fac2ee425481c","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161484475","repostId":1198341576,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4841448,"gmtCreate":1623938762385,"gmtModify":1663229168528,"authorId":3570536834617523,"author":{"id":3570536834617523,"authorId":3570536834617523,"name":"kenta","avatar":"https://static.tigerbbs.com/4593b44a03124dfaa74fc1d7d7ff0b35","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161484475,"type":1,"supId":0,"prevId":0,"content":".<br>","text":".<br>","html":".<br>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":73,"commentSize":29,"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":"4.24.2","shortVersion":"4.24.2","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/1198341576"}