Gold prices smacked by profit-taking after reaching record highs

seekingalpha05-23

Gold prices slid more than 1% on Wednesday, as investors continued to book profits from the metal's rise to new all-time highs this week. "It would appear the recent decline in gold is simply a ...

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/2437724249?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg","is_english":true,"pubTime":"2024-05-23 05:55","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2437724249","market":"sg","top_or_hot":-1,"title":"Gold prices smacked by profit-taking after reaching record highs","media":"seekingalpha","content":"<div>\n<p>Gold prices slid more than 1% on Wednesday, as investors continued to book profits from the metal's rise to new all-time highs this week. \"It would appear the recent decline in gold is simply a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4109648-gold-prices-smacked-by-profit-taking-after-reaching-record-highs\">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>Gold prices smacked by profit-taking after reaching record highs</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 prices smacked by profit-taking after reaching record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-23 05:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4109648-gold-prices-smacked-by-profit-taking-after-reaching-record-highs><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold prices slid more than 1% on Wednesday, as investors continued to book profits from the metal's rise to new all-time highs this week. \"It would appear the recent decline in gold is simply a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4109648-gold-prices-smacked-by-profit-taking-after-reaching-record-highs\">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":"AAAU","symbol_name":"Goldman Sachs Physical Gold ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4109648-gold-prices-smacked-by-profit-taking-after-reaching-record-highs","article_id":"2437724249","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=2437724249","pubTimestamp":1716414939,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Gold prices slid more than 1% on Wednesday, as investors continued to book profits from the metal's rise to new all-time highs this week. \"It would appear the recent decline in gold is simply a technical pullback, which is to be expected after the sustained rally over the past few weeks and notching a new all-time high,\" Taylor Krystkowiak of Themes ETF told Dow Jones. Front-month Comex gold  for May delivery settled -1.3% to $2,389.20/oz, the contract's second straight loss since finding a record high earlier this week. ETFs: , , , , , , , , , ,  Gold futures extended losses after Nymex ended trading Wednesday, as the Federal Reserve meeting minutes from the April 30-May 1 session indicated concern that it would take longer than previously expected to gain greater confidence in inflation moving to 2%. \"You're seeing some week-long liquidation, some profit taking by the shorter term futures traders; all of which is not unusual in a market that hit a record high,\" Kitco analyst Jim Wyck","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAAU":"Goldman Sachs Physical Gold ETF","BK4535":"淡马锡持仓","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","GDXJ":"小型黄金矿业ETF(Market Vectors)","GLDM":"SPDR Gold MiniShares Trust","BK4588":"碎股","PHYS":"Sprott Physical Gold Trust","BK4504":"桥水持仓","SGOL":"abrdn Physical Gold Shares ETF","BAR":"GraniteShares Gold Trust"},"translate_title":"金价在创下历史新高后受到获利回吐的冲击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAAU":1,"BAR":1,"GDXJ":1,"GLDM":1,"IAU":1,"NUGT":1,"OUNZ":1,"PHYS":1,"SGOL":1},"content_text":"Gold prices slid more than 1% on Wednesday, as investors continued to book profits from the metal's rise to new all-time highs this week. \"It would appear the recent decline in gold is simply a technical pullback, which is to be expected after the sustained rally over the past few weeks and notching a new all-time high,\" Taylor Krystkowiak of Themes ETF told Dow Jones. Front-month Comex gold (XAUUSD:CUR) for May delivery settled -1.3% to $2,389.20/oz, the contract's second straight loss since finding a record high earlier this week. ETFs: (NYSEARCA:GLD), (NYSEARCA:GDX), (GDXJ), (IAU), (NUGT), (PHYS), (GLDM), (AAAU), (SGOL), (BAR), (OUNZ) Gold futures extended losses after Nymex ended trading Wednesday, as the Federal Reserve meeting minutes from the April 30-May 1 session indicated concern that it would take longer than previously expected to gain greater confidence in inflation moving to 2%. \"You're seeing some week-long liquidation, some profit taking by the shorter term futures traders; all of which is not unusual in a market that hit a record high,\" Kitco analyst Jim Wyckoff told Reuters.","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/2437724249"}