Commodity Roundup: Gold, copper slip from record highs, natgas on the move

seekingalpha05-21

Gold (XAUUSD:CUR) and copper prices eased slightly on Tuesday after hitting a record high as focus turned to the FOMC minutes ahead, while U.S. natural gas futures extended gains driven by decreased ...

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2437492033?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/484625976/image_484625976.jpg","is_english":true,"pubTime":"2024-05-21 18:03","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2437492033","market":"us","top_or_hot":-1,"title":"Commodity Roundup: Gold, copper slip from record highs, natgas on the move","media":"seekingalpha","content":"<div>\n<p>Gold (XAUUSD:CUR) and copper prices eased slightly on Tuesday after hitting a record high as focus turned to the FOMC minutes ahead, while U.S. natural gas futures extended gains driven by decreased ...</p>\n\n<a href=\"https://seekingalpha.com/news/4108646-commodity-roundup-gold-copper-slip-from-record-high\">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>Commodity Roundup: Gold, copper slip from record highs, natgas on the move</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\">\nCommodity Roundup: Gold, copper slip from record highs, natgas on the move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-21 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4108646-commodity-roundup-gold-copper-slip-from-record-high><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold (XAUUSD:CUR) and copper prices eased slightly on Tuesday after hitting a record high as focus turned to the FOMC minutes ahead, while U.S. natural gas futures extended gains driven by decreased ...</p>\n\n<a href=\"https://seekingalpha.com/news/4108646-commodity-roundup-gold-copper-slip-from-record-high\">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":"GDXJ","symbol_name":"小型黄金矿业ETF(Market Vectors)","start_time":0,"source_url":"https://seekingalpha.com/news/4108646-commodity-roundup-gold-copper-slip-from-record-high","article_id":"2437492033","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/484625976/image_484625976.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437492033","pubTimestamp":1716285812,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Gold (XAUUSD:CUR) and copper prices eased slightly on Tuesday after hitting a record high as focus turned to the FOMC minutes ahead, while U.S. natural gas futures extended gains driven by decreased p","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDXJ":"小型黄金矿业ETF(Market Vectors)","FDN":"First Trust Dow Jones Internet I","BK4570":"地缘局势概念股","SLV":"白银ETF(iShares)","BK4585":"ETF&股票定投概念","UNG":"美国天然气基金","UCO":"二倍做多彭博原油ETF","PALL":"Aberdeen Standard Physical Palladium Shares ETF","BNO":"美国布伦特原油基金有限合伙企业","BK4535":"淡马锡持仓","SIL":"Silver Miners Etf","BK4588":"碎股","DBO":"原油ETF-PowerShares","USL":"United States 12 Month Oil Fund LP","CORN":"Teucrium Corn Fund","SOYB":"Teucrium Soybean Fund","WEAT":"Teucrium Wheat Fund","BK4550":"红杉资本持仓","DBA":"农业指数ETF-PowerShares DB","BK4547":"WSB热门概念","BK4504":"桥水持仓","SCO":"二倍做空彭博原油指数ETF","IAU":"黄金信托ETF(iShares)","UGA":"United States Gasoline Fund LP","CPER":"美国铜指数基金","USO":"美国原油ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDX":"黄金矿业ETF-VanEck","PHYS":"Sprott Physical Gold Trust","PSLV":"Sprott Physical Silver Trust","GLD":"SPDR黄金ETF"},"translate_title":"商品综述：黄金，铜从历史高点下滑，天然气在移动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SLV":1,"WEAT":1,"USO":1,"USL":1,"UNG":1,"UGA":1,"SOYB":1,"SIL":1,"PSLV":1,"PHYS":1,"PALL":1,"NUGT":1,"IAU":1,"GLD":1,"GDX":1,"DBO":1,"DBA":1,"CPER":1,"CORN":1,"BNO":1,"GDXJ":1,"FDN":0.9,"US2Y.BOND":0.66,"US7Y.BOND":0.66,"US6M.BOND":0.66,"US5Y.BOND":0.66,"US3Y.BOND":0.66,"US30Y.BOND":0.66,"US12M.BOND":0.66,"US10Y.BOND":0.66,"US912797FS14.BOND":0.6,"US912797HE00.BOND":0.6,"US912797GW17.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GB79.BOND":0.6,"US912797FH58.BOND":0.6,"SCO":0.6,"UCO":0.6},"content_text":"Gold (XAUUSD:CUR) and copper prices eased slightly on Tuesday after hitting a record high as focus turned to the FOMC minutes ahead, while U.S. natural gas futures extended gains driven by decreased production and rising demand.  Gold prices fell -0.42% to $2,416.05 an ounce by 6 am ET after rallying to a new all-time high on Monday amid safe haven demand and increased interest rate cut hopes. The minutes of the May FOMC meeting to be released on Thursday are expected to further shed light on the U.S. central bank's thinking over inflation readings. Meanwhile, Fed speakers are out in force this week and the early messaging is clear: policy is restrictive, but inflation is moderating at a slower pace than previously forecast, ANZ Research said. Copper futures, too, eased after climbing past $11K/ton for the first time. \"The industry has warned for years that the development of new mines faces significant challenges. That was highlighted late last year, with two major mines shuttered due to escalating costs and restrictive government policies. However, the rally has been supercharged by rising investor appetite in recent weeks,\" ANZ analysts added. Meanwhile, the estimated value of open interest across global commodity markets increased for a consecutive week by $41 billion week-on-week, driven by price based gains across precious and base metals markets along with the energy sector - namely natural gas (as of 17 May), JPM Commodities Research said. The estimated value of open interest in precious metals markets continued its surge to record levels, reaching ~$215 billion, while the estimated open interest value of base metals markets climbed by nearly +5% to historic highs of ~$227 billion. The estimated value of open interest across energy markets increased by $15 billion, largely driven by the rally across Henry Hub and TTF Nat Gas futures (as of 17 May), JPM noted. ING analysts said on Tuesday, TTF continues its move higher, settling 3.25% higher yesterday, and leaving the market close to EUR32/MWh. \"Heavy maintenance at Norwegian facilities is providing support to the market, at a time when we are seeing robust Asian LNG demand.\" While price action in oil has been relatively boring, the natural gas market has been more buoyant, the brokerage added. The Bloomberg Commodity Spot Index — which tracks 24 energy, metal and agricultural contracts — climbed last week to the highest reading since January 2023.   Energy  Crude oil (CL1:COM) -0.85% to $78.63.  Natural Gas (NG1:COM) +0.41% to $2.76.   Metals  Palladium (XPDUSD:CUR) -1.12% to $1,019.00. Platinum (XPTUSD:CUR) -1.44% to $1,043.80. Gold (XAUUSD:CUR) -0.42% to $2,416.05.  Agriculture   Corn (C_1:COM) -1.07% to $455.58.  Wheat (W_1:COM) -0.56% to $684.91.  Soybeans (S_1:COM) -0.86% to $1,235.88.   Commodity ETFs  Gold ETFs:  SPDR Gold Shares ETF (GLD) VanEck Gold Miners ETF (GDX) VanEck Junior Gold Miners ETF (GDXJ) iShares Gold Trust ETF (IAU) Direxion Daily Gold Miners Index Bull 2X Shares ETF (NUGT) Sprott Physical Gold Trust (PHYS)  Other Metal ETFs:  iShares Silver Trust ETF (SLV) Sprott Physical Silver Trust (PSLV) Global X Silver Miners ETF (SIL) U.S. Copper Index Fund, LP ETF (CPER) abrdn Physical Palladium Shares ETF (PALL)  Oil ETFs:  U.S. Oil Fund, LP ETF (USO) Invesco DB Oil Fund ETF (DBO) U.S. 12 Month Oil Fund, LP ETF (USL) U.S. Brent Oil Fund, LP ETF (BNO) U.S. Natural Gas Fund, LP ETF (UNG) U.S. Gasoline Fund, LP ETF (UGA)  Agriculture ETFs:  Invesco DB Agriculture Fund ETF (DBA) Teucrium Soybean ETF (SOYB) Teucrium Wheat ETF (WEAT) Teucrium Corn Fund ETF (CORN)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":"4.29.1","shortVersion":"4.29.1","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/2437492033"}