Geopolitics Alpha

Oil's Inflationary Ripple Keeps Gold in Check as Central Bank Buying Offers Partial Shelter

Published . Updated .

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Oil's Inflationary Ripple Keeps Gold in Check as Central Bank Buying Offers Partial Shelter

Gold closed Friday at $3,876.13/oz. Middle East friction is pressuring bullion via oil and rate-hike

Directly affected

  • No company is named in this report.

Indirectly affected

  • GLD SPDR Gold Shares+0.5% 16d

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

  • GDX VanEck Gold Miners ETF-5.4% 30d

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

  • USO United States Oil Fund-1.1% 30d

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

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • NEM Newmont-7.4% 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-1.9% 30d

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

  • WPM Wheaton Precious Metals-12.1% 30d

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

  • GOLD Gold.com-15.0% 17d

    Gold.com (jewelry, watches, precious stones and metals): 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+6.80%+2.76%baseafter closeafter closeafter closeafter close
GDXNo price data for this ticker———————
USO-2.03%-2.82%baseafter closeafter closeafter closeafter close
BWETNo price data for this ticker———————
NEM+10.57%+4.68%baseafter closeafter closeafter closeafter close
AEM+12.52%+4.22%baseafter closeafter closeafter closeafter close
WPMNo price data for this ticker———————
GOLDNo 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.

Oil's Inflationary Ripple Keeps Gold in Check as Central Bank Buying Offers Partial Shelter ad-hoc-news.de

Source: ad-hoc-news.de

Middle East

CompanyWhenMoveStatus
AEMthree days earlier+4.22%final price
AEMfive days earlier+12.52%final price
GLDthree days earlier+2.76%final price
GLDfive days earlier+6.80%final price
NEMthree days earlier+4.68%final price
NEMfive days earlier+10.57%final price
USOthree days earlier-2.82%final price
USOfive days earlier-2.03%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).

Where this story sits: Middle East

Middle East

Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Oil's Inflationary Ripple Keeps Gold in Check as Central Bank Buying Offers Partial Shelter” is tagged to Middle East.

How solid the energy case looks

12 out of 100

“Oil's Inflationary Ripple Keeps Gold in Check as Central Bank Buying Offers Partial Shelter” scores 12 out of 100. The score uses 1 sources.