Gold has been overbought for t

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JP25
2025-05-12

Gold has been overbought for the past 1 year. Looks like a big correction is coming for it.

24H｜Gold Stocks Drop as Gold Sinks as Trade Talks, Easing Tensions Impact Haven Demand

Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1.8% in early trading in Asia to around $3,265 an ounce, following a weekly gain of 2.6% as investors focused on the outcome of upcoming trade talks between the world’s two largest economies. The dollar strengthened — making gold more expensive for most buyers — after the US and China both reported “substantial progress”

24H｜Gold Stocks Drop as Gold Sinks as Trade Talks, Easing Tensions Impact Haven Demand

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Looks like a big correction is coming for it.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/434277154661120","repostId":1176077186,"repostType":2,"repost":{"id":"1176077186","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1747014623,"share":"https://ttm.financial/m/news/1176077186?lang=en_US&edition=fundamental","pubTime":"2025-05-12 09:50","market":"us","language":"en","title":"24H｜Gold Stocks Drop as Gold Sinks as Trade Talks, Easing Tensions Impact Haven Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1176077186","media":"Tiger Newspress","summary":"Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1.8% in early trading in Asia to around $3,265 an ounce, following a weekly gain of 2.6% as investors focused on the outcome of upcoming trade talks between the world’s two largest economies. The dollar strengthened — making gold more expensive for most buyers — after the US and China both reported “substantial progress” ","content":"<html><head></head><body><p>Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.</p><p style=\"text-align: start;\">Bullion fell as much as 1.8% in early trading in Asia to around $3,265 an ounce, following a weekly gain of 2.6% as investors focused on the outcome of upcoming trade talks between the world’s two largest economies. 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Harmony Gold and Gold Fields fell 6%; Agnico Eagle Mines and Newmont Mining fell 4%; Kinross fell 3%; Barrick Mining fell 2%. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/58e64df48afa5e37d493e21b2af149a1\" tg-width=\"603\" tg-height=\"283\"/></p></body></html>","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>24H｜Gold Stocks Drop as Gold Sinks as Trade Talks, Easing Tensions Impact Haven Demand</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\">\n24H｜Gold Stocks Drop as Gold Sinks as Trade Talks, Easing Tensions Impact Haven Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-05-12 09:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.</p><p style=\"text-align: start;\">Bullion fell as much as 1.8% in early trading in Asia to around $3,265 an ounce, following a weekly gain of 2.6% as investors focused on the outcome of upcoming trade talks between the world’s two largest economies. The dollar strengthened — making gold more expensive for most buyers — after the US and China both reported “substantial progress” following two days of discussions in Switzerland, although neither side immediately announced specific measures.</p><p>While bullion could test the lower end of of its current $3,200 to $3,400 range if there is continued progress in US-China trade talks, “dips to and through $3,200 in gold should be very well supported for an eventual move to fresh record highs,” said Robert Rennie, head of commodity and carbon research at Westpac Banking Corp. in Sydney.</p><p>Gold stocks dropped in overnight trading. Harmony Gold and Gold Fields fell 6%; Agnico Eagle Mines and Newmont Mining fell 4%; Kinross fell 3%; Barrick Mining fell 2%. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/58e64df48afa5e37d493e21b2af149a1\" tg-width=\"603\" tg-height=\"283\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CDE":"科尔黛伦矿业","NEM":"纽曼矿业","USAU":"美国黄金公司","EQX":"EQUINOX GOLD CORP","VGZ":"Vista Gold Corp","SAND":"沙尘暴黄金","GFI":"金田","EGO":"埃氏金业","RGLD":"皇家黄金","GORO":"黄金资源","GOLD":"Gold.com","AEM":"伊格尔矿业","HL":"赫克拉矿业","HMY":"哈莫尼黄金","KGC":"金罗斯黄金"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176077186","content_text":"Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1.8% in early trading in Asia to around $3,265 an ounce, following a weekly gain of 2.6% as investors focused on the outcome of upcoming trade talks between the world’s two largest economies. The dollar strengthened — making gold more expensive for most buyers — after the US and China both reported “substantial progress” following two days of discussions in Switzerland, although neither side immediately announced specific measures.While bullion could test the lower end of of its current $3,200 to $3,400 range if there is continued progress in US-China trade talks, “dips to and through $3,200 in gold should be very well supported for an eventual move to fresh record highs,” said Robert Rennie, head of commodity and carbon research at Westpac Banking Corp. in Sydney.Gold stocks dropped in overnight trading. Harmony Gold and Gold Fields fell 6%; Agnico Eagle Mines and Newmont Mining fell 4%; Kinross fell 3%; Barrick Mining fell 2%.","news_type":1,"symbols_score_info":{"KGC":1.1,"AEM":1.1,"HL":1.1,"SAND":1.1,"EQX":1.1,"GFI":1.1,"RGLD":1.1,"GORO":1.1,"CDE":1.1,"HMY":1.1,"EGO":1.1,"NEM":1.1,"VGZ":1.1,"GOLD":1.1,"USAU":1.1}},"isVote":1,"tweetType":1,"viewCount":1482,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":74,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}