Gold, miners sink in metal's sharpest daily drop in nearly six weeks

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Gold, miners sink in metal's sharpest daily drop in nearly six weeks

seekingalpha2021-09-17

Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales. December ...

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blingyan
·2021-09-20
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·2021-09-17
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href=https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.\nDecember ...</p>\n\n<a href=\"https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks\">Source 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with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.\nDecember Comex gold(XAUUSD:CUR)-2.2%to $1,755.40/oz., which would mark the steepest daily decline for bullion since August 6, and December silver(XAGUSD:CUR)-4.5%to $22.725/oz., on track for its lowest finish YTD.\nETFs:GLD,GDX,NUGT,SIL,GGN,DUST,AGQ,USLVF,SLVP,UGLDF\nAmong major precious metals miners:NEM-4.5%,GOLD-4.7%,KGC-6.6%,AEM-4.2%,IAG-7.4%,AUY-4.9%,EGO-3.7%,KL-5.1%,AU-5.8%,HMY-7.5%,GFI-7.4%.\nGold \"experienced a quick and sudden chain reaction\" as robust economic data exceeded expectations by a lot, Wolfpack Capital's Jeff Wright tells MarketWatch, noting U.S. jobless claims were slightly higher but \"in a meaningful way to offset strength\" of retail spending data, which caused 10-year U.S. Treasury to rise.\nSaying gold has \"room to drop further in coming days,\" Wright notes gold \"could not surpass and hold 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weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1143605380","media":"seekingalpha","summary":"Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. doll","content":"<ul>\n <li>Mining shares fall sharply, with&nbsp;gold posting its sharpest drop in nearly six weeks&nbsp;as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.</li>\n <li>December Comex gold(XAUUSD:CUR)-2.2%to $1,755.40/oz., which would mark the steepest daily decline for bullion since August 6, and December silver(XAGUSD:CUR)-4.5%to $22.725/oz., on track for its lowest finish YTD.</li>\n <li>ETFs:GLD,GDX,NUGT,SIL,GGN,DUST,AGQ,USLVF,SLVP,UGLDF</li>\n <li>Among major precious metals miners:NEM-4.5%,GOLD-4.7%,KGC-6.6%,AEM-4.2%,IAG-7.4%,AUY-4.9%,EGO-3.7%,KL-5.1%,AU-5.8%,HMY-7.5%,GFI-7.4%.</li>\n <li>Gold \"experienced a quick and sudden chain reaction\" as robust economic data exceeded expectations by a lot, Wolfpack Capital's Jeff Wright tells&nbsp;<i>MarketWatch</i>, noting U.S. jobless claims were slightly higher but \"in a meaningful way to offset strength\" of retail spending data, which caused 10-year U.S. Treasury to rise.</li>\n <li>Saying gold has \"room to drop further in coming days,\" Wright notes gold \"could not surpass and hold $1,800 so it could retest $1,700 without any new interest coming into the market.\"</li>\n <li>Earlier this summer, gold topped $1,900/oz. with talk that the metal's&nbsp;fundamentals \"have never been better.\"</li>\n</ul>","source":"seekingalpha","collect":0,"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, miners sink in metal's sharpest daily drop in nearly six 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{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, miners sink in metal's sharpest daily drop in nearly six weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.\nDecember ...</p>\n\n<a href=\"https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOLD":"巴里克黄金","GFI":"金田","NEM":"纽曼矿业"},"source_url":"https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1143605380","content_text":"Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.\nDecember Comex gold(XAUUSD:CUR)-2.2%to $1,755.40/oz., which would mark the steepest daily decline for bullion since August 6, and December silver(XAGUSD:CUR)-4.5%to $22.725/oz., on track for its lowest finish YTD.\nETFs:GLD,GDX,NUGT,SIL,GGN,DUST,AGQ,USLVF,SLVP,UGLDF\nAmong major precious metals miners:NEM-4.5%,GOLD-4.7%,KGC-6.6%,AEM-4.2%,IAG-7.4%,AUY-4.9%,EGO-3.7%,KL-5.1%,AU-5.8%,HMY-7.5%,GFI-7.4%.\nGold \"experienced a quick and sudden chain reaction\" as robust economic data exceeded expectations by a lot, Wolfpack Capital's Jeff Wright tells MarketWatch, noting U.S. jobless claims were slightly higher but \"in a meaningful way to offset strength\" of retail spending data, which caused 10-year U.S. Treasury to rise.\nSaying gold has \"room to drop further in coming days,\" Wright notes gold \"could not surpass and hold $1,800 so it could retest $1,700 without any new interest coming into the market.\"\nEarlier this summer, gold topped $1,900/oz. with talk that the metal's fundamentals \"have never been better.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884992971,"gmtCreate":1631844388193,"gmtModify":1676530650671,"author":{"id":"4093316039832790","authorId":"4093316039832790","name":"Justinjj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884992971","repostId":1143605380,"repostType":4,"repost":{"id":"1143605380","pubTimestamp":1631843921,"share":"https://www.laohu8.com/m/news/1143605380?lang=&edition=full","pubTime":"2021-09-17 09:58","market":"us","language":"en","title":"Gold, miners sink in metal's sharpest daily drop in nearly six weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1143605380","media":"seekingalpha","summary":"Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. doll","content":"<ul>\n <li>Mining shares fall sharply, with&nbsp;gold posting its sharpest drop in nearly six weeks&nbsp;as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.</li>\n <li>December Comex gold(XAUUSD:CUR)-2.2%to $1,755.40/oz., which would mark the steepest daily decline for bullion since August 6, and December silver(XAGUSD:CUR)-4.5%to $22.725/oz., on track for its lowest finish YTD.</li>\n <li>ETFs:GLD,GDX,NUGT,SIL,GGN,DUST,AGQ,USLVF,SLVP,UGLDF</li>\n <li>Among major precious metals miners:NEM-4.5%,GOLD-4.7%,KGC-6.6%,AEM-4.2%,IAG-7.4%,AUY-4.9%,EGO-3.7%,KL-5.1%,AU-5.8%,HMY-7.5%,GFI-7.4%.</li>\n <li>Gold \"experienced a quick and sudden chain reaction\" as robust economic data exceeded expectations by a lot, Wolfpack Capital's Jeff Wright tells&nbsp;<i>MarketWatch</i>, noting U.S. jobless claims were slightly higher but \"in a meaningful way to offset strength\" of retail spending data, which caused 10-year U.S. Treasury to rise.</li>\n <li>Saying gold has \"room to drop further in coming days,\" Wright notes gold \"could not surpass and hold $1,800 so it could retest $1,700 without any new interest coming into the market.\"</li>\n <li>Earlier this summer, gold topped $1,900/oz. with talk that the metal's&nbsp;fundamentals \"have never been better.\"</li>\n</ul>","source":"seekingalpha","collect":0,"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, miners sink in metal's sharpest daily drop in nearly six weeks</title>\n<style 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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, miners sink in metal's sharpest daily drop in nearly six weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.\nDecember ...</p>\n\n<a href=\"https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOLD":"巴里克黄金","GFI":"金田","NEM":"纽曼矿业"},"source_url":"https://seekingalpha.com/news/3740512-gold-miners-sink-in-metals-sharpest-daily-drop-in-nearly-six-weeks","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1143605380","content_text":"Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales.\nDecember Comex gold(XAUUSD:CUR)-2.2%to $1,755.40/oz., which would mark the steepest daily decline for bullion since August 6, and December silver(XAGUSD:CUR)-4.5%to $22.725/oz., on track for its lowest finish YTD.\nETFs:GLD,GDX,NUGT,SIL,GGN,DUST,AGQ,USLVF,SLVP,UGLDF\nAmong major precious metals miners:NEM-4.5%,GOLD-4.7%,KGC-6.6%,AEM-4.2%,IAG-7.4%,AUY-4.9%,EGO-3.7%,KL-5.1%,AU-5.8%,HMY-7.5%,GFI-7.4%.\nGold \"experienced a quick and sudden chain reaction\" as robust economic data exceeded expectations by a lot, Wolfpack Capital's Jeff Wright tells MarketWatch, noting U.S. jobless claims were slightly higher but \"in a meaningful way to offset strength\" of retail spending data, which caused 10-year U.S. Treasury to rise.\nSaying gold has \"room to drop further in coming days,\" Wright notes gold \"could not surpass and hold $1,800 so it could retest $1,700 without any new interest coming into the market.\"\nEarlier this summer, gold topped $1,900/oz. with talk that the metal's fundamentals \"have never been better.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":34,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}