Geopolitics Alpha

Gold plunges over 2% as Middle East energy shock fuels inflation worries

Published . Updated .

MIDDLE EASTGold plunges over 2% as MiddleEast energy shock fuels inflationworriesRYESGEOPOLITICS ALPHA

This report is about Interest rates and Energy. Names like XOM and CVX typically gain because oil producers earn more when crude prices rise.

Directly affected

  • RYES Rise Gold

    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+0.4%

    Stocks move when the Fed changes the rate path

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+5.9%

    Oil producers earn more when crude prices rise

  • JPM JPMorgan Chase-3.9%

    Bank profits move with lending and interest rates

  • BAC Bank of America-18.5%

    Bank profits move with lending and interest rates

  • GS Goldman Sachs-9.8%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR

    A fund of financial companies

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
RYESNo price data for this ticker———————
TLT-0.31%-0.97%base+1.86%after closeafter closeafter close
IEF+0.13%-0.17%base+1.08%+0.96%after closeafter close
SHY+0.00%+0.03%base+0.28%+0.28%after closeafter close
SPY-0.18%-0.84%base-1.18%-1.70%after closeafter close
XOM-1.88%+0.08%base+0.06%after closeafter closeafter close
CVX-3.26%-1.00%base-0.08%after closeafter closeafter close
JPM+0.12%-0.49%base+0.42%after closeafter closeafter close
BAC+1.71%-0.83%base+0.55%after closeafter closeafter close
GS-1.48%-3.20%base-1.48%after closeafter closeafter close
XLF-1.39%-1.70%base+1.14%after closeafter 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 plunges over 2% as Middle East energy shock fuels inflation worries FXStreet

Source: FXStreet

Middle East

CompanyWhenMoveStatus
BACthat day+0.55%final price
BACthree days earlier-0.83%final price
BACfive days earlier+1.71%final price
CVXthat day-0.08%final price
CVXthree days earlier-1.00%final price
CVXfive days earlier-3.26%final price
GSthat day-1.48%final price
GSthree days earlier-3.20%final price
GSfive days earlier-1.48%final price
IEFthat day+1.08%final price
IEFthe next day+0.96%still updating
IEFthree days earlier-0.17%final price
IEFfive days earlier+0.13%final price
JPMthat day+0.42%final price
JPMthree days earlier-0.49%final price
JPMfive days earlier+0.12%final price
SHYthat day+0.28%final price
SHYthe next day+0.28%still updating
SHYthree days earlier+0.03%final price
SHYfive days earlier0.00%final price
SPYthat day-1.18%final price
SPYthe next day-1.70%still updating
SPYthree days earlier-0.84%final price
SPYfive days earlier-0.18%final price
TLTthat day+1.86%final price
TLTthree days earlier-0.97%final price
TLTfive days earlier-0.31%final price
XLFthat day+1.14%final price
XLFthree days earlier-1.70%final price
XLFfive days earlier-1.39%final price
XOMthat day+0.06%final price
XOMthree days earlier+0.08%final price
XOMfive days earlier-1.88%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).

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