Geopolitics Alpha

Gold Edges Lower After Fed Holds Rates With Limited Guidance

Published . Updated .

GEOPOLITICS ALPHAGold Edges Lower After Fed HoldsRates With Limited GuidanceGEOPOLITICS ALPHA

This report is about gold and US interest rates.

Directly affected

  • No company is named in this report.

Indirectly affected

  • GLD SPDR Gold Shares-3.3% 30d

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • GDX VanEck Gold Miners ETF-10.4% 30d

    VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • JPM JPMorgan Chase-1.7% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • NEM Newmont-9.4% 30d

    Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • AEM Agnico Eagle Mines-7.6% 30d

    Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • WPM Wheaton Precious Metals-18.3% 30d

    Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GLD-1.19%-1.52%base-1.42%-4.74%after closeafter close
GDXNo price data for this ticker———————
TLT+0.89%+0.83%base+0.66%+1.04%after closeafter close
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
NEMNo price data for this ticker———————
AEMNo price data for this ticker———————
WPMNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Gold Edges Lower After Fed Holds Rates With Limited Guidance Bloomberg

Source: Bloomberg

This story

CompanyWhenMoveStatus
GLDthat day-1.42%final price
GLDthe next day-4.74%final price
GLDthree days earlier-1.52%final price
GLDfive days earlier-1.19%final price
TLTthat day+0.66%final price
TLTthe next day+1.04%final price
TLTthree days earlier+0.83%final price
TLTfive days earlier+0.89%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Gold Edges Lower After Fed Holds Rates With Limited Guidance” looks

12 out of 100

“Gold Edges Lower After Fed Holds Rates With Limited Guidance” scores 12 out of 100. The score uses 1 sources.