'Overbought' gold adds to losses after tough Fed talk on rates

seekingalpha05-24

Gold futures extended this week's sharp losses on Thursday, falling to two-week lows after the latest Federal Reserve minutes included hawkish commentary on monetary easing. U.S. Treasury yields have ...

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U.S. Treasury yields have ...</p>\n\n<a href=\"https://seekingalpha.com/news/4110085-overbought-gold-adds-to-losses-after-tough-fed-talk-on-rates\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>'Overbought' gold adds to losses after tough Fed talk on rates</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\">\n'Overbought' gold adds to losses after tough Fed talk on rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-24 04:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4110085-overbought-gold-adds-to-losses-after-tough-fed-talk-on-rates><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold futures extended this week's sharp losses on Thursday, falling to two-week lows after the latest Federal Reserve minutes included hawkish commentary on monetary easing. U.S. Treasury yields have ...</p>\n\n<a href=\"https://seekingalpha.com/news/4110085-overbought-gold-adds-to-losses-after-tough-fed-talk-on-rates\">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":"GLDM","symbol_name":"SPDR Gold MiniShares Trust","start_time":0,"source_url":"https://seekingalpha.com/news/4110085-overbought-gold-adds-to-losses-after-tough-fed-talk-on-rates","article_id":"2437444714","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437444714","pubTimestamp":1716497435,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Gold futures extended this week's sharp losses on Thursday, falling to two-week lows after the latest Federal Reserve minutes included hawkish commentary on monetary easing. U.S. Treasury yields have ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLDM":"SPDR Gold MiniShares Trust","COPX":"铜矿ETF-Global X","BK4547":"WSB热门概念","SIL":"Silver Miners Etf","BK4504":"桥水持仓","SILJ":"Amplify Junior Silver Miners ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","BAR":"GraniteShares Gold Trust","CPER":"美国铜指数基金","SIVR":"Aberdeen Standard Physical Silver Shares ETF","SLV":"白银ETF(iShares)","AAAU":"Goldman Sachs Physical Gold ETF","PHYS":"Sprott Physical Gold Trust","BK4585":"ETF&股票定投概念","IAU":"黄金信托ETF(iShares)","OUNZ":"Merk黄金信托ETV","NUGT":"二倍做多黄金矿业指数ETF-Direxion","SGOL":"abrdn Physical Gold Shares ETF","BK4535":"淡马锡持仓","PSLV":"Sprott Physical Silver Trust","BK4588":"碎股"},"translate_title":"美联储就利率问题发表强硬言论后，黄金“超买”加剧了损失","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAR":1,"US7Y.BOND":1,"US6M.BOND":1,"US5Y.BOND":1,"US3Y.BOND":1,"US30Y.BOND":1,"US2Y.BOND":1,"US12M.BOND":1,"US10Y.BOND":1,"SLV":1,"SIVR":1,"SILJ":1,"SIL":1,"SGOL":1,"PSLV":1,"OUNZ":1,"NUGT":1,"IAU":1,"GLDM":1,"GDXJ":1,"CPER":1,"COPX":1,"PHYS":1,"AAAU":1,"US912797HE00.BOND":0.6,"US912797GW17.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GB79.BOND":0.6,"US912797FS14.BOND":0.6,"US912797FH58.BOND":0.6},"content_text":"Gold futures extended this week's sharp losses on Thursday, falling to two-week lows after the latest Federal Reserve minutes included hawkish commentary on monetary easing. U.S. Treasury yields have ticked higher following the Fed minutes, which showed a willingness to hold rates higher as inflation remains stubborn, a headwind for non-interest bearing billion, SP Angel analysts said, according to Dow Jones, adding that Asian trading of gold has been soft this week, with spreads weakening and volumes muted.  Following the release of the minutes, \"traders moved to price in November as the more likely timing for the first Fed rate cut, driving higher Treasury yields and a stronger dollar, which caused losses for the non-yielding precious metal,\" ActivTrades analyst Ricardo Evangelista wrote, according to Marketwatch. \"We note strong Chinese buying has been taking place on Fridays and Mondays in this recent gold rally... tomorrow might follow this trend,\" SP Angel wrote. Front-month Comex gold (XAUUSD:CUR) for May delivery finished -2.3% to $2,335.00/oz, its third straight daily decline that caps a 4% loss since Monday, when gold hit a record high $2,454.20/oz. Also, front-month May Comex silver (XAGUSD:CUR) settled -3.2% to $30.824/oz, a one-week low, and front-month May copper (HG1:COM) closed -1% to $4.8165/lb. ETFs: (NYSEARCA:GLD), (NYSEARCA:GDX), (GDXJ), (IAU), (NUGT), (PHYS), (GLDM), (AAAU), (SGOL), (BAR), (OUNZ), (SLV), (PSLV), (SIVR), (SIL), (SILJ), (CPER), (COPX), (OTC:JJCTF) The metals complex has been caught up in the broader risk-off move following Wednesday's Fed meeting minutes, and recent price strength - especially in copper - was becoming increasingly detached from short-term fundamentals, ING analysts said, \"therefore we would have likely seen some profit-taking from speculators.\" UBS raised its gold price forecast to $2,600/oz for year-end 2024 and recommended buying on dips at ~$2,300 or below, citing softer U.S. economic data for April, upwardly revised central bank demand for gold and ongoing geopolitical uncertainties.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.24.2","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/2437444714"}