Geopolitics Alpha

Gold slips as Fed hike bets linger ahead of US inflation data

Published . Updated .

Covered by 2 outlets: Kitco, TradingView.

GEOPOLITICS ALPHAGold slips as Fed hike bets lingerahead of US inflation dataGEOPOLITICS 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.

  • 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.

  • JPM JPMorgan Chase-4.3% 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-11.1% 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-13.4% 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.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GLDNo price data for this ticker———————
GDXNo price data for this ticker———————
TLT+0.89%+0.83%base+0.66%+1.04%after closeafter close
TIPNo price data for this ticker———————
JPM-0.85%-1.58%base+1.13%-0.67%after closeafter close
BAC+0.41%-0.65%base+0.79%-1.71%after closeafter close
NEMNo price data for this ticker———————
AEMNo 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 slips as Fed hike bets linger ahead of US inflation data Kitco

Source: Kitco

This story

CompanyWhenMoveStatus
BACthat day+0.79%final price
BACthe next day-1.71%final price
BACthree days earlier-0.65%final price
BACfive days earlier+0.41%final price
JPMthat day+1.13%final price
JPMthe next day-0.67%final price
JPMthree days earlier-1.58%final price
JPMfive days earlier-0.85%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).

This story

25 out of 100

“Gold slips as Fed hike bets linger ahead of US inflation data” scores 25 out of 100. The score uses 2 sources.