Geopolitics Alpha

Gold gains on softer oil prices; Fed decision in focus

Published . Updated .

Covered by 2 outlets: The Edge Malaysia, TradingView.

Gold gains on softer oil prices; Fed decision in focus

Gold prices edged higher on Monday as softer oil prices tempered inflation concerns, while investors awaited the Federal Reserve's (Fed) policy decision later this week.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond-0.9%

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond-0.3%

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500-0.1%

    Stocks move when the Fed changes the rate path

  • XOM Exxon Mobil+11.0%

    Oil producers earn more when crude prices rise

  • CVX Chevron+9.9%

    Oil producers earn more when crude prices rise

  • JPM JPMorgan Chase-5.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-15.0%

    Bank profits move with lending and interest rates

  • GS Goldman Sachs-11.4%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR-3.9%

    A fund of financial companies

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLTNo price data for this ticker———————
IEFNo price data for this ticker———————
SHYNo price data for this ticker———————
SPYNo price data for this ticker———————
XOM-2.72%-2.80%baseafter closeafter closeafter closeafter close
CVX-3.75%-2.77%baseafter closeafter closeafter closeafter close
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
GSNo price data for this ticker———————
XLFNo 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 gains on softer oil prices; Fed decision in focus The Edge Malaysia

Source: The Edge Malaysia

Energy

CompanyWhenMoveStatus
COPthree days earlier-3.40%final price
COPfive days earlier-3.70%final price
CVXthree days earlier-2.77%final price
CVXfive days earlier-3.75%final price
MPCthree days earlier+2.58%final price
MPCfive days earlier+3.75%final price
OIHthree days earlier-0.91%final price
OIHfive days earlier-3.02%final price
OXYthree days earlier-2.27%final price
OXYfive days earlier-2.23%final price
USOthree days earlier-5.78%final price
USOfive days earlier-5.13%final price
VLOthree days earlier+4.13%final price
VLOfive days earlier+3.31%final price
XLEthree days earlier-1.69%final price
XLEfive days earlier-2.19%final price
XOMthree days earlier-2.80%final price
XOMfive days earlier-2.72%final price
XOPthree days earlier-1.32%final price
XOPfive days earlier-1.09%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

25 out of 100

“Gold gains on softer oil prices; Fed decision in focus” scores 25 out of 100. The score uses 2 sources.