Geopolitics Alpha

Gold slips as strong US inflation data bolsters dollar, Fed hike expectations

Published . Updated .

Covered by 2 outlets: The Economic Times, www.marketscreener.com.

Who covered it: Center 1 · Not rated 1. How we rate outlets

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GEOPOLITICS ALPHAGold slips as strong US inflationdata bolsters dollar, Fed hikeexpectationsGEOPOLITICS 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

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

  • GDX VanEck Gold Miners ETF

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

  • TLT iShares 20+ Year Treasury Bond ETF

    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

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

  • JPM JPMorgan Chase

    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

    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

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

  • AEM Agnico Eagle Mines

    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
GLD+2.83%+3.93%baseafter closeafter closeafter closeafter close
GDX+0.60%+7.30%baseafter closeafter closeafter closeafter close
TLT+1.21%+1.27%baseafter closeafter closeafter closeafter close
TIP+0.93%+0.72%baseafter closeafter closeafter closeafter close
JPM-1.72%-0.42%baseafter closeafter closeafter closeafter close
BAC-1.69%-0.16%baseafter closeafter closeafter closeafter close
NEM+1.08%+5.62%baseafter closeafter closeafter closeafter close
AEM+1.57%+7.96%baseafter closeafter 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.

Gold slips as strong US inflation data bolsters dollar, Fed hike expectations The Economic Times

Source: The Economic Times

This story

CompanyWhenMoveStatus
AEMthree days earlier+7.96%final price
AEMfive days earlier+1.57%final price
BACthree days earlier-0.16%final price
BACfive days earlier-1.69%final price
GDXthree days earlier+7.30%final price
GDXfive days earlier+0.60%final price
GLDthree days earlier+3.93%final price
GLDfive days earlier+2.83%final price
JPMthree days earlier-0.42%final price
JPMfive days earlier-1.72%final price
NEMthree days earlier+5.62%final price
NEMfive days earlier+1.08%final price
TIPthree days earlier+0.72%final price
TIPfive days earlier+0.93%final price
TLTthree days earlier+1.27%final price
TLTfive days earlier+1.21%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 strong US inflation data bolsters dollar, Fed hike expectations” scores 25 out of 100. The score uses 2 sources.