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Gold set for fourth weekly loss on dollar strength, Fed hike bets

Saturday, May 14, 2022
Gold set for fourth weekly loss on dollar strength, Fed hike bets © Reuters. FILE PHOTO: A goldsmith wearing a protective face mask arranges golden bangles as the other talks to customers at a jewellery shop at the Grand Bazaar in Istanbul, Turkey, August 6, 2020. REUTERS/Murad Sezer

By Ashitha Shivaprasad

(Reuters) - Gold fell more than 1% on Friday and is set for its fourth straight weekly decline, as the dollar's strong run with more aggressive U.S. interest rates on the horizon sapped appetite for bullion.

Spot gold fell 0.7% to $1,808.89 per ounce by 01:54 p.m. EDT (1754 GMT), after hitting its lowest since Feb. 4 at $1,798.86. It has declined nearly 4% this week.

U.S. gold futures settled down 0.9% at $1,808.20.

U.S. Federal Reserve Chair Jerome Powell said on Thursday that the battle to control inflation would "include some pain", as the impact of higher interest rates is felt.

"Gold is being weighed down as the Fed has been committed to raise interest rates at a fast pace and in addition, the dollar has been extremely strong," said David Meger, director of metals trading at High Ridge Futures.

"Going forward, the inflation numbers are what the market will closely watch."

The dollar index was set for a sixth consecutive weekly gain, hovering near a 20-year high. [USD/]

Although seen as an inflation hedge, bullion yields no interest and is sensitive to rising U.S. short-term interest rates and bond yields.

"A rebound in global stock markets amid less risk aversion in the marketplace to end the trading week is also a negative for the safe-haven metals," said Kitco senior analyst Jim Wycoff in a note.

Growth stocks led a rebound in Wall Street's main indexes. [.N] [MKTS/GLOB]

Spot silver rose 1.6% to $20.98 per ounce, but has fallen about 6% this week, the most since late January.

Platinum fell 0.8% to $936.51. Palladium gained 1.5% to $1,936.83, after falling over 8% on Thursday.

"Overwhelming concerns about supply disruptions in Russia take precedence in palladium market and there is active buying into dips as prices have come down dramatically," added Meger.

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23-05-2022 11:44:44 (UTC+7)

EUR/USD

1.0593

+0.0033 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0593

+0.0033 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2550

+0.0063 (+0.50%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (3)

USD/JPY

127.36

-0.49 (-0.38%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

AUD/USD

0.7092

+0.0059 (+0.83%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (2)

USD/CAD

1.2799

-0.0037 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

EUR/JPY

134.91

-0.10 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (6)

EUR/CHF

1.0293

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

Gold Futures

1,853.47

+11.37 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Silver Futures

21.883

+0.209 (+0.96%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Copper Futures

4.3030

-0.0012 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

110.88

+0.60 (+0.54%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Brent Oil Futures

110.71

+0.72 (+0.65%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

Natural Gas Futures

8.193

-0.207 (-2.46%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

US Coffee C Futures

216.48

-2.22 (-1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,901.36

+0.57 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,981.91

+99.61 (+0.72%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,389.98

+87.24 (+1.19%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

Hang Seng

20,350.10

-367.14 (-1.77%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (5)

US Small Cap 2000

1,773.27

-2.96 (-0.17%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (2)

BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

63.74

+0.34 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

 EUR/USD1.0593↑ Sell
 GBP/USD1.2550Buy
 USD/JPY127.36Buy
 AUD/USD0.7092Neutral
 USD/CAD1.2799↑ Buy
 EUR/JPY134.91↑ Sell
 EUR/CHF1.0293↑ Sell
 Gold1,853.47↑ Buy
 Silver21.883↑ Buy
 Copper4.3030↑ Sell
 Crude Oil WTI110.88Sell
 Brent Oil110.71↑ Buy
 Natural Gas8.193Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,350.10↑ Sell
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,770
SJC HCM6,895/ 6,985
(0/ 0) # 1,775
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,777
SJC Danang6,895/ 6,987
(0/ 0) # 1,777
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,777
SJC Cantho6,895/ 6,987
(0/ 0) # 1,777
Cập nhật 23-05-2022 11:44:47
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,854.15+8.330.45%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$110.90-0.37-0.33%
Brent$113.38-0.49-0.43%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 11:38:00 23/05/2022
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