{"id":260344,"date":"2021-05-27T14:39:00","date_gmt":"2021-05-27T11:39:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gold-slips-back-from-key-1900-level-ahead-of-u-s-data\/"},"modified":"2021-05-27T14:39:00","modified_gmt":"2021-05-27T11:39:00","slug":"gold-slips-back-from-key-1900-level-ahead-of-u-s-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gold-slips-back-from-key-1900-level-ahead-of-u-s-data\/","title":{"rendered":"#\n  Gold slips back from key $1,900 level ahead of U.S. data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3894b3cab8e\" 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-6a3894b3cab8e\" 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-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/gold-slips-back-from-key-1900-level-ahead-of-u-s-data\/#Barbara_Kollmeyer\" >Barbara Kollmeyer<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Gold slips back from key $1,900 level ahead of U.S. data<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000285331\">\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 prices hovered under the key level of $1,900 on Thursday, as investors waited economic data that could offer clues as to whether the commodity\u2019s strength will continue. <\/p>\n<p> Gold futures for June delivery<br \/>\n        GCM21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210036734\/delayed\" class=\"negative\">-0.38%<\/bg-quote><br \/>\n       fell around $5 to $1,896 an ounce, while August gold<br \/>\n        GCQ21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/214466530\/delayed\" class=\"negative\">-0.39%<\/bg-quote><span>,<\/span><br \/>\n        now the most active contract, dropped roughly $5 to $1,899 an ounce. On Wednesday, gold prices settled atop $1,900 an ounce and turned positive for the year, a day after hitting a high near that resistance level.<\/p>\n<div class=\"paywall\">\n        Wednesday\u2019s move marked the highest settlement since Jan. 7, according to FactSet data.<\/p>\n<p>Gold\u2019s rise this week had been helped by a weak U.S. dollar<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"negative\">-0.10%<\/bg-quote><br \/>\n       steadied and slipping yield on the 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.601%<\/bg-quote><span>.<\/span><br \/>\n        Falling yields can benefit precious metals and other commodities, which don\u2019t offer a coupon, by reducing the opportunity cost of holding those assets against yield-bearing ones. A weaker dollar can make assets priced in that currency more attractive to overseas investors.<\/p>\n<p>The push through the $1,900 level inspired some hopes that gold could be entering a new bullish phase. <\/p>\n<p>The \u201c$1,900 mark clearly still holds great allure,\u201d but the commodity faces a tough couple of days, said Carsten Fritsch, analyst at Commerzbank in a note to clients.<\/p>\n<p>\u201cA whole host of U.S. economic data are due to be published today and tomorrow. They have the potential to push the dollar and yields up or down, and by extension gold,\u201d said Fritsch. Included in that heavy batch of data is durable goods orders and initial jobless claims, plus the personal consumption expenditure deflator on Friday.<\/p>\n<p>\u201cThe latter is the Fed\u2019s preferred inflation measure. Recently a number of Fed representatives \u2013 among them the influential Fed Vice Chair [Richard] Clarida \u2013 had hinted that a discussion about tapering is drawing ever closer,\u201d he said. <\/p>\n<p>U.S. central bank officials may be able to begin discussing the <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>ropriate timing of scaling back their bond-buying program at upcoming policy meetings, Federal Reserve Vice Chair Richard Clarida <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-25\/clarida-says-fed-may-be-able-to-talk-taper-in-upcoming-meetings?sref=3zYETA5s\" class=\"icon none\">said on Tuesday<\/a>. <\/p>\n<p>\u201cIf the aforementioned data turn out to be robust, the debate could gather pace, strengthening the dollar and yields, and thus precluding any further rise in the gold price,\u201d said the analyst.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Among other metals, July silver\u00a0<br \/>\n        SIN21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210317766\/delayed\" class=\"negative\">-0.78%<\/bg-quote><br \/>\n       edged down by 0.3% to $27.78 an ounce, after slipping 0.6% on Wednesday. <\/p>\n<p>July copper<br \/>\n        HGN21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210057810\/delayed\" class=\"positive\">+0.71%<\/bg-quote><br \/>\n      \u00a0fell 0.4% to $4.55 a pound. July platinum\u00a0<br \/>\n        PLN21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/218196645\/delayed\" class=\"negative\">-1.02%<\/bg-quote><br \/>\n      \u00a0fell 0.4% to to $1,194 an ounce, while September palladium\u00a0<br \/>\n        PAU21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/219250747\/delayed\" class=\"positive\">+0.99%<\/bg-quote><br \/>\n       rose 1.2% to to $2,782.50 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\":\"Barbara Kollmeyer\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Barbara_Kollmeyer\"><\/span>Barbara Kollmeyer<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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Gold futures for June delivery GCM21, -0.38% fell around $5 to $1,896 an ounce,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":260345,"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-260344","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\/260344","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=260344"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/260344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/260345"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=260344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=260344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=260344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}