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2021-03-19
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Gold Flaunts Haven Role With Second Weekly Advance Amid Turmoil
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The acrimonious start to talks rippled across markets, with Asian stocks and European equity futures dropping alongside a gauge of the U.S. dollar.</p><p>“Prices are quite volatile now with the U.S.-China talks and stimulus package progress providing support for gold, but expectation of yields rising further could pressure the market eventually,” said Gnanasekar Thiagarajan, director at Commtrendz Risk Management Services.</p><p>Bullion has dropped about 8% this year as the rise in bond yields weighed on demand for the metal, which doesn’t offer interest, although its role as a hedge against inflation has helped provide some support to prices. Federal Reserve Chairman Jerome Powell has indicated he wasn’t concerned over the recent jump in long-term yields, with his focus still on whether financial conditions remained accommodative.</p><p>Spot gold advanced 0.5% to $1,744.35 an ounce by 7:43 a.m. in London, and is up 1% this week. Silver rose 0.2% and platinum steadied. The Bloomberg Dollar Spot Index fell 0.2% after climbing 0.5% on Thursday and is heading for a weekly decline.</p><p>Meanwhile, palladium dropped 2.1% to trim it’s weekly surge to 11%. MMC Norilsk Nickel PJSC’s cut to its 2021 output targets following flooding at its Arctic mines is spurring expectations of a larger-than-expected deficit.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Flaunts Haven Role With Second Weekly Advance Amid Turmoil</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Flaunts Haven Role With Second Weekly Advance Amid Turmoil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 16:45 GMT+8 <a href=https://finance.yahoo.com/news/gold-extends-drop-surge-treasury-012925721.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Gold headed for a second weekly advance as the first high-level talks between the U.S. and China since President Joe Biden took office immediately descended into bickering and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gold-extends-drop-surge-treasury-012925721.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/gold-extends-drop-surge-treasury-012925721.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153692083","content_text":"(Bloomberg) -- Gold headed for a second weekly advance as the first high-level talks between the U.S. and China since President Joe Biden took office immediately descended into bickering and recriminations.Illustrating the deep divide that remains despite the leadership change in the White House, each side sharply criticized the other over human rights, trade and international alliances at the meeting in Alaska. The acrimonious start to talks rippled across markets, with Asian stocks and European equity futures dropping alongside a gauge of the U.S. dollar.“Prices are quite volatile now with the U.S.-China talks and stimulus package progress providing support for gold, but expectation of yields rising further could pressure the market eventually,” said Gnanasekar Thiagarajan, director at Commtrendz Risk Management Services.Bullion has dropped about 8% this year as the rise in bond yields weighed on demand for the metal, which doesn’t offer interest, although its role as a hedge against inflation has helped provide some support to prices. Federal Reserve Chairman Jerome Powell has indicated he wasn’t concerned over the recent jump in long-term yields, with his focus still on whether financial conditions remained accommodative.Spot gold advanced 0.5% to $1,744.35 an ounce by 7:43 a.m. in London, and is up 1% this week. Silver rose 0.2% and platinum steadied. The Bloomberg Dollar Spot Index fell 0.2% after climbing 0.5% on Thursday and is heading for a weekly decline.Meanwhile, palladium dropped 2.1% to trim it’s weekly surge to 11%. MMC Norilsk Nickel PJSC’s cut to its 2021 output targets following flooding at its Arctic mines is spurring expectations of a larger-than-expected deficit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":350077607,"gmtCreate":1616144761409,"gmtModify":1634527018415,"author":{"id":"3575883294902160","authorId":"3575883294902160","name":"Heycolours","avatar":"https://static.tigerbbs.com/1ab50e5d4fa0f30820b59b0aa6535e13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350077607","repostId":"1153692083","repostType":4,"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}