GOLD: Waiting for the Meeting Fruit!

XAUUSD Gold Traders

$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$Gold prices fluctuated and fell slightly for the second consecutive trading day, closing down about 0.56% at $4,688.71 per ounce on Wednesday (May 13). The US producer price index (PPI) rose by the largest amount since early 2022 in April, coupled with escalating consumer inflation, essentially shattering market expectations for a Federal Reserve rate cut this year and even starting to price in a possible rate hike next year.

India raised its gold import tariff from 6% to 15%, further dampening demand. A stronger dollar, rising US Treasury yields, and the stock market's ability to attract funds all contributed to the pressure on gold. The market is also focused on the US-China summit in Beijing.

In early Asian trading on Thursday (May 14), spot gold traded in a narrow range, currently hovering around $4,690.

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The US producer price index (PPI) rose by the largest amount since early 2022 in April, coupled with escalating consumer inflation, essentially shattering market expectations for a Federal Reserve rate cut this year and even starting to price in a possible rate hike next year.</p>\n<p style=\"text-align: left;\">India raised its gold import tariff from 6% to 15%, further dampening demand. A stronger dollar, rising US Treasury yields, and the stock market's ability to attract funds all contributed to the pressure on gold. The market is also focused on the US-China summit in Beijing.</p>\n<p style=\"text-align: left;\">In early Asian trading on Thursday (May 14), spot gold traded in a narrow range, currently hovering around $4,690.</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/d794da8b6973711b65bb5851683164c3\" tg-width=\"940\" tg-height=\"447\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\"><a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2606\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2606(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a>Gold prices fluctuated and fell slightly for the second consecutive trading day, closing down about 0.56% at $4,688.71 per ounce on Wednesday (May 13). The US producer price index (PPI) rose by the largest amount since early 2022 in April, coupled with escalating consumer inflation, essentially shattering market expectations for a Federal Reserve rate cut this year and even starting to price in a possible rate hike next year.</p>\n<p style=\"text-align: left;\">India raised its gold import tariff from 6% to 15%, further dampening demand. A stronger dollar, rising US Treasury yields, and the stock market's ability to attract funds all contributed to the pressure on gold. The market is also focused on the US-China summit in Beijing.</p>\n<p style=\"text-align: left;\">In early Asian trading on Thursday (May 14), spot gold traded in a narrow range, currently hovering around $4,690.</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/d794da8b6973711b65bb5851683164c3\" tg-width=\"940\" tg-height=\"447\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","text":"$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$Gold prices fluctuated and fell slightly for the second consecutive trading day, closing down about 0.56% at $4,688.71 per ounce on Wednesday (May 13). The US producer price index (PPI) rose by the largest amount since early 2022 in April, coupled with escalating consumer inflation, essentially shattering market expectations for a Federal Reserve rate cut this year and even starting to price in a possible rate hike next year. India raised its gold import tariff from 6% to 15%, further dampening demand. A stronger dollar, rising US Treasury yields, and the stock market's ability to attract funds all contributed to the pressure on gold. The market is also focused on the US-China summit in Beijing. In early Asian trading on Thursday (May 14), spot gold traded in a narrow range, currently hovering around $4,690. 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! Hot Merch Returns · Up to 43% Off","highlighted":1,"essential":1,"paper":2,"likeSize":35,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/564086205587936","repostId":0,"isVote":1,"tweetType":1,"viewCount":965,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":919,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/564086205587936"}