Gold Poised for Third Weekly Drop With King Dollar Dominating

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Gold Poised for Third Weekly Drop With King Dollar Dominating

Bloomberg2022-09-02

A gauge of greenback hits record; Treasury yields also climbBullion trades near six-week low as more Fed tightening seenGold headed for a third straight weekly drop as the dollar rallied ahead of key ...

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Tanyl
·2022-09-03
Recently gold price drop
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Blading23
·2022-09-02
Good
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  2022-09-02
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Austin1881
·2022-09-02
👍🏻
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  2022-11-10
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Treasury yields also climbBullion trades near six-week low as more Fed tightening seenGold headed for a third straight weekly drop as the dollar rallied ahead of key ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-02/gold-poised-for-third-weekly-drop-with-king-dollar-dominating?srnd=markets-vp\">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":"FT_SY_GC","symbol_name":"黄金","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-09-02/gold-poised-for-third-weekly-drop-with-king-dollar-dominating?srnd=markets-vp","article_id":"1193372817","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193372817","pubTimestamp":1662087043,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"A gauge of greenback hits record; Treasury yields also climbBullion trades near six-week low as more","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLD":"SPDR黄金ETF"},"translate_title":"黄金将迎来第三周下跌，金美元占主导地位","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GCmain":0.9,"MGCmain":0.9,"GC2208":0.9,"GLD":0.9},"content_text":"A gauge of greenback hits record; 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The jobs report later Friday is expected to show healthy payrolls growth for August and follows stronger-than-expected US manufacturing data.Fed Bank of Atlanta President Raphael Bostic said Thursday the campaign to cool inflation was still not complete, noting that the current pace was a long way from the US central bank’s 2% goal. Traders increasingly anticipate another large 75 basis points rate rise to contain price pressures at the next policy decision meeting Sept. 20-21.“Gold is becoming a punching bag as surging Treasury yields have rejuvenated the king dollar trade,” said Edward Moya, a senior market analyst at Oanda Corp. There’s “no reprieve in sight for gold until the move higher with global bond yields is over,” he added.Spot gold was little changed at $1,698.25 an ounce as of 8:36 a.m. in Singapore, and is down 2.3% this week. Prices fell to the lowest level since July 21 on Thursday. The Bloomberg Dollar Spot Index slipped 0.1%. 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