Geopolitics Alpha

Gold Falls Below $4,000 Threshold as Oil Surge and Hot Inflation Data Lift December Rate-Hike Odds to 75%

Published . Updated .

ENERGYGold Falls Below $4,000 Thresholdas Oil Surge and Hot InflationData Lift December Rate-Hike Odds…GEOPOLITICS ALPHA

This report is about oil and gold.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+13.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • GLD SPDR Gold Shares-3.7% 30d

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

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XOM ExxonMobil Holdings+10.6% 15d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • NEM Newmont-13.4% 30d

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

  • CVX Chevron+15.7% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) 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.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+0.80%-2.73%base+0.39%-6.80%after closeafter close
XLE+0.88%-0.71%base+1.87%-2.12%after closeafter close
GLD-0.54%+1.01%base-3.47%-1.90%after closeafter close
TIP-0.20%-0.13%base+0.23%-0.06%after closeafter close
XOM+0.03%-1.79%base+2.24%-1.85%after closeafter close
NEM-2.65%+0.77%base-4.66%-2.40%after closeafter close
CVX+0.78%-1.37%base+1.82%-1.43%after closeafter close
AEM-0.97%+2.88%base-5.89%-2.98%after closeafter close

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 Falls Below $4,000 Threshold as Oil Surge and Hot Inflation Data Lift December Rate-Hike Odds to 75% BigGo Finance

Source: BigGo Finance

Energy

CompanyWhenMoveStatus
AEMthat day-5.89%final price
AEMthe next day-2.98%final price
AEMthree days earlier+2.88%final price
AEMfive days earlier-0.97%final price
CVXthat day+1.82%final price
CVXthe next day-1.43%final price
CVXthree days earlier-1.37%final price
CVXfive days earlier+0.78%final price
GLDthat day-3.47%final price
GLDthe next day-1.90%final price
GLDthree days earlier+1.01%final price
GLDfive days earlier-0.54%final price
NEMthat day-4.66%final price
NEMthe next day-2.40%final price
NEMthree days earlier+0.77%final price
NEMfive days earlier-2.65%final price
TIPthat day+0.23%final price
TIPthe next day-0.06%final price
TIPthree days earlier-0.13%final price
TIPfive days earlier-0.20%final price
USOthat day+0.39%final price
USOthe next day-6.80%final price
USOthree days earlier-2.73%final price
USOfive days earlier+0.80%final price
XLEthat day+1.87%final price
XLEthe next day-2.12%final price
XLEthree days earlier-0.71%final price
XLEfive days earlier+0.88%final price
XOMthat day+2.24%final price
XOMthe next day-1.85%final price
XOMthree days earlier-1.79%final price
XOMfive days earlier+0.03%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 the energy case looks

12 out of 100

“Gold Falls Below $4,000 Threshold as Oil Surge and Hot Inflation Data Lift December Rate-Hike Odds to 75%” scores 12 out of 100. The score uses 1 sources.