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2021-12-28

Gold Edges Higher as Traders Weigh Record Covid-19 Infections

Cases jump nearly 50% from a month ago but deaths stay stable Bullion is heading for its first annua

Gold Edges Higher as Traders Weigh Record Covid-19 Infections

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While the highly-transmissible omicron is spreading rapidly around the world, studies suggest that illness caused by the new strain isn’t as severe as in previous waves.</p>\n<p><img src=\"https://static.tigerbbs.com/16b05654aa85025b7cb4a795315b1d8e\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"></p>\n<p>Bullion is heading for its first annual loss in three years as central banks start to dial back pandemic-era stimulus to contain inflation. The S&amp;P 500 notched its 69th record close of 2021 on Monday, suggesting investors remain relatively sanguine about risks from omicron.</p>\n<p>The U.K. said it&nbsp;won’t introduce&nbsp;stricter Covid-19 restrictions in England before the end of the year despite a surge in cases, while the U.S. cut the recommended isolation time for Americans with the virus to five days from 10 days.</p>\n<p>“Gold has turned rangebound near $1,810 an ounce, reflecting the relative stability in the U.S. dollar index and bond yields amid a lack of fresh triggers,” said Madhavi Mehta, a senior analyst at Kotak Securities Ltd. “Virus concerns have subsided, however rising cases and restrictions to limit the spread is a cause of concern.”</p>\n<p>Spot gold advanced 0.1% to $1,814.10 an ounce at 8:00 a.m. in London, after rising 0.1% on Monday. It’s down more than 4% this year. The Bloomberg Dollar Spot Index was little changed, as was silver. Palladium plunged 2.9% and platinum also fell.</p>\n<p>“The sideways trend will continue in the $1,750 to $1,820 range,” said Victor Foo, chief executive officer of Singapore Precious Metals Exchange. “Gold will face some resistance above $1,815 and moving forwards will continue to struggle at these levels unless the dollar moves sharply lower.”</p>\n<p>Copper futures for March dropped 0.9% on the Comex after closing at a two-month high on Monday.</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 Edges Higher as Traders Weigh Record Covid-19 Infections</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 Edges Higher as Traders Weigh Record Covid-19 Infections\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-28 16:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-28/gold-steady-as-traders-weigh-record-u-s-stocks-and-omicron-risk><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cases jump nearly 50% from a month ago but deaths stay stable\nBullion is heading for its first annual loss in three years\n\nGold edged higher as investors assessed the resilience of the global economic...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-28/gold-steady-as-traders-weigh-record-u-s-stocks-and-omicron-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4017":"黄金","GDX":"黄金矿业ETF-VanEck"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-28/gold-steady-as-traders-weigh-record-u-s-stocks-and-omicron-risk","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128880653","content_text":"Cases jump nearly 50% from a month ago but deaths stay stable\nBullion is heading for its first annual loss in three years\n\nGold edged higher as investors assessed the resilience of the global economic recovery, with Covid-19 cases hitting a pandemic record.\nMore than 1.44 million infections worldwide on Monday smashed the previous high after factoring out a statistical blip in Turkey last year. While the highly-transmissible omicron is spreading rapidly around the world, studies suggest that illness caused by the new strain isn’t as severe as in previous waves.\n\nBullion is heading for its first annual loss in three years as central banks start to dial back pandemic-era stimulus to contain inflation. The S&P 500 notched its 69th record close of 2021 on Monday, suggesting investors remain relatively sanguine about risks from omicron.\nThe U.K. said it won’t introduce stricter Covid-19 restrictions in England before the end of the year despite a surge in cases, while the U.S. cut the recommended isolation time for Americans with the virus to five days from 10 days.\n“Gold has turned rangebound near $1,810 an ounce, reflecting the relative stability in the U.S. dollar index and bond yields amid a lack of fresh triggers,” said Madhavi Mehta, a senior analyst at Kotak Securities Ltd. “Virus concerns have subsided, however rising cases and restrictions to limit the spread is a cause of concern.”\nSpot gold advanced 0.1% to $1,814.10 an ounce at 8:00 a.m. in London, after rising 0.1% on Monday. It’s down more than 4% this year. The Bloomberg Dollar Spot Index was little changed, as was silver. Palladium plunged 2.9% and platinum also fell.\n“The sideways trend will continue in the $1,750 to $1,820 range,” said Victor Foo, chief executive officer of Singapore Precious Metals Exchange. “Gold will face some resistance above $1,815 and moving forwards will continue to struggle at these levels unless the dollar moves sharply lower.”\nCopper futures for March dropped 0.9% on the Comex after closing at a two-month high on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}