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  4. Gold Extends Losses in Asia After Hawkish Powell Spurs Plunge
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Gold Extends Losses in Asia After Hawkish Powell Spurs Plunge

(Bloomberg) -- Gold extended losses -- after falling the most in two months -- as a more hawkish-than-expected Federal Reserve underscored the central bank’s aggressive approach to...
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Gold Extends Losses in Asia After Hawkish Powell Spurs Plunge © Reuters. Gold Extends Losses in Asia After Hawkish Powell Spurs Plunge

(Bloomberg) -- Gold extended losses -- after falling the most in two months -- as a more hawkish-than-expected Federal Reserve underscored the central bank’s aggressive approach to tackling inflation.

Bullion edged lower on Thursday in Asia after plunging 1.5% in the previous session as Fed Chair Jerome Powell didn’t rule out raising interest rates at every meeting to rein in the quickest inflation in a generation.

See More: Powell Backs March Liftoff, Won’t Rule Out Hike Every Meeting

The tumble wiped out gold’s gains so far this year that were driven by investor bets for a continuation in negative real rates even with rate hikes expected. The hawkish pivot has challenged that narrative, although bullion may still do well as a hedge against inflation and rising geopolitical risks including a potential Russian invasion of Ukraine.

Goldman Sachs Group Inc (NYSE:GS). raised its 12-month outlook for gold to $2,150 an ounce from $2,000 following the Powell comments on expectations for slower U.S. growth, a rebound in emerging markets excluding China and faster inflation.

“This combination of slower growth and higher inflation should generate investment demand for gold, which we consider to be a defensive inflation hedge,” analysts including Mikhail Sprogis said in a note on Thursday.

Spot gold fell 0.2% to $1,815.41 an ounce as of 10:19 a.m. in Singapore after being down as much as 0.4% earlier. The Bloomberg Dollar Spot Index rose 0.1% after jumping 0.5% on Wednesday. Silver, platinum and palladium all dropped.

©2022 Bloomberg L.P.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

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GBP/USD

1.2624

+0.0002 (+0.02%)

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USD/JPY

151.38

0.01 (0.00%)

Summary

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AUD/USD

0.6522

+0.0007 (+0.11%)

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USD/CAD

1.3543

+0.0006 (+0.04%)

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EUR/JPY

163.37

+0.12 (+0.07%)

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EUR/CHF

0.9738

+0.0010 (+0.10%)

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Gold Futures

2,254.80

42.10 (1.90%)

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Silver Futures

25.100

+0.002 (+0.01%)

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Copper Futures

4.0115

-0.0003 (-0.01%)

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

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Brent Oil Futures

86.99

+0.04 (+0.05%)

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Natural Gas Futures

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US Coffee C Futures

188.53

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Euro Stoxx 50

5,082.85

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S&P 500

5,254.35

+5.86 (+0.11%)

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DAX

18,504.51

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FTSE 100

7,952.62

+20.64 (+0.26%)

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16,541.42

0.00 (0.00%)

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Neutral

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US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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11,074.60

-36.70 (-0.33%)

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52.930

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Bayer AG NA

28.43

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Allianz SE VNA O.N.

277.80

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
(0/ 0) # 1,366
SJC Danang7,830/ 8,082
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SJC Nhatrang7,830/ 8,082
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SJC Cantho7,830/ 8,082
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Cập nhật 31-03-2024 10:19:52
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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