Fed’s rate hike comments take the shine off gold

BusinessDay2021-09-23

Bengaluru — Gold prices dipped on Thursday as the dollar strengthened after the US Federal Reserve signalled a withdrawal of its asset purchases by 2022 and a sooner-than-expected interest rate hike, ...

Source Link

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

lost0star
2021-09-23
lost0star
Okay
- lost0star:
  okay
KYHBKO
2021-09-23
KYHBKO
gold is preferred by some as hedge and others have turned to crypto. if the crypto continues to be popular, then gold will have to fight with crypto as the preferred hedge.
Potatoclown
2021-09-23
Potatoclown
Yikes
- Potatoclown:
  ?
Enenen
2021-09-23
Enenen
Hahsh
- JCinvest:
  Okayyyyy
Fonkytonks
2021-09-23
Fonkytonks
Buy
- sockbuster:
  ok
Enenen
2021-09-23
Enenen
Bsbsb

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2169669315?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-23 14:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2169669315","market":"fut","top_or_hot":-1,"title":"Fed’s rate hike comments take the shine off gold","media":"BusinessDay","content":"<div>\n<p>Bengaluru — Gold prices dipped on Thursday as the dollar strengthened after the US Federal Reserve signalled a withdrawal of its asset purchases by 2022 and a sooner-than-expected interest rate hike, ...</p>\n\n<a href=\"https://www.businesslive.co.za/bd/markets/2021-09-23-feds-rate-hike-comments-take-the-shine-off-gold/\">Source Link</a>\n\n</div>\n","source":"businessday_stock","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>Fed’s rate hike comments take the shine off gold</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\">\nFed’s rate hike comments take the shine off gold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesslive.co.za/bd/markets/2021-09-23-feds-rate-hike-comments-take-the-shine-off-gold/><strong>BusinessDay</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bengaluru — Gold prices dipped on Thursday as the dollar strengthened after the US Federal Reserve signalled a withdrawal of its asset purchases by 2022 and a sooner-than-expected interest rate hike, ...</p>\n\n<a href=\"https://www.businesslive.co.za/bd/markets/2021-09-23-feds-rate-hike-comments-take-the-shine-off-gold/\">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":"GOLD","symbol_name":"巴里克黄金","start_time":0,"source_url":"https://www.businesslive.co.za/bd/markets/2021-09-23-feds-rate-hike-comments-take-the-shine-off-gold/","article_id":"2169669315","we_media_id":null,"thumbnails":[],"rights":{"source":"businessday_stock","url":"https://www.businesslive.co.za/bd/markets/2021-09-23-feds-rate-hike-comments-take-the-shine-off-gold/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2169669315","pubTimestamp":1632379500,"sourceInfo":{"source_id":"businessday_stock","name":"Business Day"},"weMediaInfo":null,"summary":"Bengaluru — Gold prices dipped on Thursday as the dollar strengthened after the US Federal Reserve s","collect":0,"end_time":0,"defaultTopTitle":"businesslive.co.za","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOLD":"巴里克黄金"},"translate_title":"美联储加息言论令黄金黯然失色","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOLD":0.9},"content_text":"Bengaluru — Gold prices dipped on Thursday as the dollar strengthened after the US Federal Reserve signalled a withdrawal of its asset purchases by 2022 and a sooner-than-expected interest rate hike, dimming the appeal of the non-yielding bullion.Spot gold was down 0.2% at $1,764.06/oz, as of 3.29am GMT, while US gold futures slipped 0.9% to $1,763.50/oz.New projections from the Fed’s two-day policy meeting showed half of the officials were ready to raise interest rates in 2022 in response to heating inflation.Gold is often considered a hedge against higher inflation, but a Fed rate hike would increase the opportunity cost of holding gold, which pays no interest.Fed chair Jerome Powell said a withdrawal process of monthly bond purchases could begin after the central bank’s November policy meeting as long as US jobs growth through September is “reasonably strong”.“Everyone is going to be focused on how persistent these inflation pressures are and whether the Fed needs to be little bit more hasty in hiking the Fed funds rate in response ... Once we start talking about rate hikes, that’s going to be really bad for gold prices,” IG Market analyst Kyle Rodda said.The dollar index hit a one-month high, diminishing gold’s appeal for those holding other currencies.On the technicals front, spot gold may revisit its September 20 low of $1,741.86, as the drop on Wednesday confirmed completion of the bounce from this level, according to Reuters technical analyst Wang Tao.Silver fell 0.3% to $22.60/oz.Palladium was steady at $2,023.37, after a 6.2% gain on Wednesday, its biggest one-day rise since March 2020.Platinum edged 0.2% lower to $994.84. Reuters","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":863698746,"gmtCreate":1632382335785,"gmtModify":1676530768662,"author":{"id":"3577931905567659","authorId":"3577931905567659","name":"lost0star","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577931905567659","authorIdStr":"3577931905567659"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863698746","repostId":2169669315,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5969408,"gmtCreate":1632382345184,"gmtModify":1663234323244,"authorId":3577931905567659,"author":{"id":3577931905567659,"idStr":"3577931905567659","authorId":3577931905567659,"name":"lost0star","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863698746,"type":1,"supId":0,"prevId":0,"content":"<u>okay</u>","text":"<u>okay</u>","html":"<u>okay</u>"}],"langContent":"EN"},{"id":863690269,"gmtCreate":1632381872751,"gmtModify":1676530768504,"author":{"id":"3574381076586256","authorId":"3574381076586256","name":"KYHBKO","avatar":"https://static.tigerbbs.com/c3bcbc7f9a10836dea92afc94bf39b5b","vip":2,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574381076586256","authorIdStr":"3574381076586256"},"htmlText":"gold is preferred by some as hedge and others have turned to crypto. if the crypto continues to be popular, then gold will have to fight with crypto as the preferred hedge.&nbsp;","listText":"gold is preferred by some as hedge and others have turned to crypto. if the crypto continues to be popular, then gold will have to fight with crypto as the preferred hedge.&nbsp;","text":"gold is preferred by some as hedge and others have turned to crypto. if the crypto continues to be popular, then gold will have to fight with crypto as the preferred hedge.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863690269","repostId":2169669315,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":863605777,"gmtCreate":1632381489799,"gmtModify":1676530768433,"author":{"id":"3563444039721293","authorId":"3563444039721293","name":"Potatoclown","avatar":"https://static.tigerbbs.com/91f386b7c484ef56ecb6f1ca38fc4291","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563444039721293","authorIdStr":"3563444039721293"},"htmlText":"Yikes","listText":"Yikes","text":"Yikes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863605777","repostId":2169669315,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5969315,"gmtCreate":1632381498965,"gmtModify":1663234323834,"authorId":3563444039721293,"author":{"id":3563444039721293,"idStr":"3563444039721293","authorId":3563444039721293,"name":"Potatoclown","avatar":"https://static.tigerbbs.com/91f386b7c484ef56ecb6f1ca38fc4291","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863605777,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":863606797,"gmtCreate":1632381151519,"gmtModify":1676530768376,"author":{"id":"3581919680057338","authorId":"3581919680057338","name":"Enenen","avatar":"https://static.tigerbbs.com/e6b57054c54fb1e6337a362e002502ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581919680057338","authorIdStr":"3581919680057338"},"htmlText":"Hahsh","listText":"Hahsh","text":"Hahsh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863606797","repostId":2169669315,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5969272,"gmtCreate":1632381162831,"gmtModify":1663234320828,"authorId":3585469772373012,"author":{"id":3585469772373012,"idStr":"3585469772373012","authorId":3585469772373012,"name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863606797,"type":1,"supId":0,"prevId":0,"content":"<u>Okayyyyy</u>","text":"<u>Okayyyyy</u>","html":"<u>Okayyyyy</u>"}],"langContent":"EN"},{"id":863606236,"gmtCreate":1632381062725,"gmtModify":1676530768368,"author":{"id":"3559873043762670","authorId":"3559873043762670","name":"Fonkytonks","avatar":"https://static.tigerbbs.com/4dfa5c5b6a3eb44de87d5ed63482f16c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3559873043762670","authorIdStr":"3559873043762670"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863606236","repostId":2169669315,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5969350,"gmtCreate":1632381745837,"gmtModify":1663234324335,"authorId":3580889175020769,"author":{"id":3580889175020769,"idStr":"3580889175020769","authorId":3580889175020769,"name":"sockbuster","avatar":"https://static.tigerbbs.com/902e4c3353374f5915d6b7fecf6ec383","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863606236,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":863606854,"gmtCreate":1632381051378,"gmtModify":1676530768360,"author":{"id":"3581919680057338","authorId":"3581919680057338","name":"Enenen","avatar":"https://static.tigerbbs.com/e6b57054c54fb1e6337a362e002502ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581919680057338","authorIdStr":"3581919680057338"},"htmlText":"Bsbsb","listText":"Bsbsb","text":"Bsbsb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863606854","repostId":2169669315,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":16,"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":"4.29.2","shortVersion":"4.29.2","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/2169669315"}