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OdeliaC
2021-08-10

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Gold wallows at multi-month lows as tapering bets buoy dollar, yields

Aug 10 (Reuters) - Gold prices languished near multi-month lows on Tuesday, hurt by a rise in U.S. b

Gold wallows at multi-month lows as tapering bets buoy dollar, yields

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On Monday, prices touched $1,684.37, their lowest since March 31.</li>\n</ul>\n<ul>\n <li>U.S. gold futures edged 0.4% higher to $1,732.90 per ounce.</li>\n</ul>\n<ul>\n <li>The dollar index firmed near more than two-week high, making gold more expensive for holders of other currencies.</li>\n</ul>\n<ul>\n <li>U.S. Treasury yields rose to a more than three week high as record-high job openings on top of stronger-than-expected employment gains in July added to the narrative of an improving labour market.</li>\n</ul>\n<ul>\n <li>Job openings, a measure of labour demand, shot up by 590,000 to a record high of 10.1 million on the last day of June, the U.S. Labour Department reported in its monthly Job Openings and Labour Turnover Survey (JOLTS).</li>\n</ul>\n<ul>\n <li>Two&nbsp;Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labour market still has room for improvement, inflation is already at a level that could satisfy <a href=\"https://laohu8.com/S/AONE.U\">one</a> leg of a key test for the beginning of interest rate hikes.</li>\n</ul>\n<ul>\n <li>Some investors view gold as a hedge against higher inflation, but a Fed rate hike would dull bullion's appeal as that increases the opportunity cost of holding the non-yielding metal.</li>\n</ul>\n<ul>\n <li>SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2% to 1,023.54 tonnes on Monday from 1,025.28 tonnes on Friday.</li>\n</ul>\n<ul>\n <li>Silver was steady at $23.43 per ounce after falling to an eight-month low in the previous session. Platinum edged 0.1% higher to $980.81 and palladium rose 0.1% to $2,603.20.</li>\n</ul>\n<p></p>","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 wallows at multi-month lows as tapering bets buoy dollar, yields</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 wallows at multi-month lows as tapering bets buoy dollar, yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-10 10:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Aug 10 (Reuters) - Gold prices languished near multi-month lows on Tuesday, hurt by a rise in U.S. bond yields and a stronger dollar after robust U.S. jobs data last week raised bets over the Federal Reserve tapering stimulus earlier than expected.</p>\n<p><b>FUNDAMENTALS</b></p>\n<ul>\n <li>Spot gold was little changed at $1,730.47 per ounce by 0039 GMT. On Monday, prices touched $1,684.37, their lowest since March 31.</li>\n</ul>\n<ul>\n <li>U.S. gold futures edged 0.4% higher to $1,732.90 per ounce.</li>\n</ul>\n<ul>\n <li>The dollar index firmed near more than two-week high, making gold more expensive for holders of other currencies.</li>\n</ul>\n<ul>\n <li>U.S. Treasury yields rose to a more than three week high as record-high job openings on top of stronger-than-expected employment gains in July added to the narrative of an improving labour market.</li>\n</ul>\n<ul>\n <li>Job openings, a measure of labour demand, shot up by 590,000 to a record high of 10.1 million on the last day of June, the U.S. Labour Department reported in its monthly Job Openings and Labour Turnover Survey (JOLTS).</li>\n</ul>\n<ul>\n <li>Two&nbsp;Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labour market still has room for improvement, inflation is already at a level that could satisfy <a href=\"https://laohu8.com/S/AONE.U\">one</a> leg of a key test for the beginning of interest rate hikes.</li>\n</ul>\n<ul>\n <li>Some investors view gold as a hedge against higher inflation, but a Fed rate hike would dull bullion's appeal as that increases the opportunity cost of holding the non-yielding metal.</li>\n</ul>\n<ul>\n <li>SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2% to 1,023.54 tonnes on Monday from 1,025.28 tonnes on Friday.</li>\n</ul>\n<ul>\n <li>Silver was steady at $23.43 per ounce after falling to an eight-month low in the previous session. Platinum edged 0.1% higher to $980.81 and palladium rose 0.1% to $2,603.20.</li>\n</ul>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","GDX":"黄金矿业ETF-VanEck","IAU":"黄金信托ETF(iShares)","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GLD":"SPDR黄金ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158142989","content_text":"Aug 10 (Reuters) - Gold prices languished near multi-month lows on Tuesday, hurt by a rise in U.S. bond yields and a stronger dollar after robust U.S. jobs data last week raised bets over the Federal Reserve tapering stimulus earlier than expected.\nFUNDAMENTALS\n\nSpot gold was little changed at $1,730.47 per ounce by 0039 GMT. On Monday, prices touched $1,684.37, their lowest since March 31.\n\n\nU.S. gold futures edged 0.4% higher to $1,732.90 per ounce.\n\n\nThe dollar index firmed near more than two-week high, making gold more expensive for holders of other currencies.\n\n\nU.S. Treasury yields rose to a more than three week high as record-high job openings on top of stronger-than-expected employment gains in July added to the narrative of an improving labour market.\n\n\nJob openings, a measure of labour demand, shot up by 590,000 to a record high of 10.1 million on the last day of June, the U.S. Labour Department reported in its monthly Job Openings and Labour Turnover Survey (JOLTS).\n\n\nTwo Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labour market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of interest rate hikes.\n\n\nSome investors view gold as a hedge against higher inflation, but a Fed rate hike would dull bullion's appeal as that increases the opportunity cost of holding the non-yielding metal.\n\n\nSPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2% to 1,023.54 tonnes on Monday from 1,025.28 tonnes on Friday.\n\n\nSilver was steady at $23.43 per ounce after falling to an eight-month low in the previous session. 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