{"id":191611,"date":"2021-03-01T22:28:00","date_gmt":"2021-03-01T19:28:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gold-prices-stretch-losing-streak-to-5-sessions\/"},"modified":"2021-03-01T22:28:00","modified_gmt":"2021-03-01T19:28:00","slug":"gold-prices-stretch-losing-streak-to-5-sessions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gold-prices-stretch-losing-streak-to-5-sessions\/","title":{"rendered":"#\n  Gold prices stretch losing streak to 5 sessions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27177dc17bf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27177dc17bf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/gold-prices-stretch-losing-streak-to-5-sessions\/#Rise_in_the_US_dollar_and_equities_contribute_to_golds_turn_lower_analysts\" >Rise in the U.S. dollar and equities contribute to gold\u2019s turn lower: analysts<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/gold-prices-stretch-losing-streak-to-5-sessions\/#Myra_P_Saefong_and\" >Myra P. Saefong and<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/gold-prices-stretch-losing-streak-to-5-sessions\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Gold prices stretch losing streak to 5 sessions<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Rise_in_the_US_dollar_and_equities_contribute_to_golds_turn_lower_analysts\"><\/span>\n  Rise in the U.S. dollar and equities contribute to gold\u2019s turn lower: analysts<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000182768\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Gold futures gave up early Monday gains to stretch losses into a fifth straight session despite a pause in the run up for Treasury yields.<\/p>\n<p> The day\u2019s \u201cpause in the bond market sell-off hasn\u2019t yet changed the narrative,\u201d Adrian Ash, director of research at BullionVault, told MarketWatch. Bond prices move inversely to yields.<\/p>\n<div class=\"paywall\">\n       Consensus says the COVID recovery is already here, even before the next round of stimulus checks arrive, he said. \u201cGold continues pricing that in, reversing last year\u2019s big gains as the financial markets race ahead of reality.\u201d<\/p>\n<p>Gold for April delivery\u00a0on Comex<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"negative\">-0.56%<\/bg-quote><\/p>\n<p>        GCJ21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/212606756\/delayed\" class=\"negative\">-0.56%<\/bg-quote><br \/>\n       lost $5.80, or 0.3%, to settle at $1,723 an ounce after trading as high as $1,757.40. Prices based on the most-active contract registered another finish at the lowest since June 2020, FactSet data show.<\/p>\n<p>Monday\u2019s move comes after gold saw a weekly decline of about 2.7% and a loss of 6.6% for the month, which was its largest monthly fall since November of 2016.<\/p>\n<p>The 10-year benchmark Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.454%<\/bg-quote><span>,<\/span><br \/>\n       touched a yield around 1.55% last Friday but was around 1.44% on Monday. <\/p>\n<p>The Federal Reserve has suggested the\u00a0climb in yields reflects upbeat expectations for an economic recovery\u00a0fueled by the vaccine program and the likelihood of additional fiscal stimulus.<\/p>\n<p>Meanwhile, the dollar, as gauged by the ICE U.S. Dollar index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.21%<\/bg-quote><br \/>\n       was up 0.2%.<\/p>\n<p>A firmer dollar, which most commodities are priced in, and rising yields can make gold less <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ealing to buyers comparing the haven asset against yield-bearing investments that are perceived as safe. Gold doesn\u2019t offer a coupon. <\/p>\n<p>Jeff Wright, chief investment officer at Wolfpack Capital, told MarketWatch that the strength in U.S. equity markets likely contributed to gold\u2019s turn lower Monday. The approval of Johnson &amp; Johnson\u2019s JNJ, +1.05% one-shot vaccine appeared to be buttressing risk-taking on Wall Street.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>The Centers for Disease Control and Prevention over the weekend approved the use of\u00a0J&amp;J\u2019s COVID vaccine after the Food and Drug Administration also green lighted the virus remedy. <\/p>\n<p>The selloff in gold is related to U.S. equity markets moving higher, along with 10-year Treasury yield also coming back off the day\u2019s lows, he said. <\/p>\n<p>Meanwhile, the House passed the Biden administration\u2019s\u00a0$1.9 trillion COVID-19 relief package.<\/p>\n<p>Separately, May silver<br \/>\n        SI00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210315219\/delayed\" class=\"positive\">+0.30%<\/bg-quote><\/p>\n<p>        SIK21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/213039318\/delayed\" class=\"positive\">+0.30%<\/bg-quote><br \/>\n       rose 24 cents, or 0.9%, to $26.678 an ounce, after prices on Friday marked a 3% weekly loss, and 1.8% monthly decline.<\/p>\n<p>May copper<br \/>\n        HGK21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210056589\/delayed\" class=\"positive\">+0.23%<\/bg-quote><br \/>\n       tacked on 0.5% to $4.113 a pound. <\/p>\n<p><strong>Read:<\/strong> Why copper scored its biggest monthly gain since 2016<\/p>\n<p>April platinum<br \/>\n        PLJ21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/216224626\/delayed\" class=\"positive\">+0.50%<\/bg-quote><br \/>\n       settled at $1,191.320 an ounce, up 2.5%, while June palladium<br \/>\n        PAM21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/217647915\/delayed\" class=\"positive\">+1.21%<\/bg-quote><br \/>\n       rose 1.5% to $2,349 an ounce.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Myra P. Saefong\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Myra_P_Saefong_and\"><\/span>Myra P. Saefong and<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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The day\u2019s \u201cpause in the bond market&#8230;<\/p>\n","protected":false},"author":1,"featured_media":191612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-191611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/191611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=191611"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/191611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/191612"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=191611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=191611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=191611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}