{"id":126416,"date":"2024-07-05T09:54:43","date_gmt":"2024-07-05T09:54:43","guid":{"rendered":"https:\/\/kinesis.money\/?p=126416"},"modified":"2024-07-05T09:54:46","modified_gmt":"2024-07-05T09:54:46","slug":"gold-levels-off-sharp-gains","status":"publish","type":"post","link":"https:\/\/kinesis.money\/tr\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/","title":{"rendered":"Gold Price News: Gold Levels Off After Sharp Gains"},"content":{"rendered":"\n

Gold prices stabilised on Thursday, holding onto Wednesday\u2019s significant gains.<\/p>\n\n\n\n

Prices held within a narrow range of $2,354 to $2,363 an ounce on Thursday, compared with Wednesday\u2019s rally from as low as $2,328 an ounce.<\/p>\n\n\n\n

\"\"
KAU\/USD 1-hourly Kinesis Exchange<\/figcaption><\/figure>\n\n\n\n

Thursday\u2019s trading activity was characterised by calm after Wednesday\u2019s hefty gains, which came after the US ISM Services PMI reading fell to 48.8 in June, well below market expectations of 52.5. This was the lowest monthly drop for the index since April 2020. The unexpected weakness in the services sector helped to build a stronger case for interest rate cuts \u2013 a bullish factor for non-yield-bearing assets like gold.<\/p>\n\n\n\n

The gains on Wednesday, and subsequent stabilisation, have helped solidify the perception of support for gold at around $2,300 an ounce, which has in recent months been an area where strong buying took place.<\/p>\n\n\n\n

On the financial side, open interest in gold futures eased slightly in the week ending June 28, with Comex dropping to $104.9 billion from $105.1 billion the previous week, while open interest on the Shanghai Futures Exchange fell to $26.7 billion from $31.1 billion the previous week, according to data from the World Gold Council: Gold Open Interest Chart 2021 | World Gold Council<\/a><\/p>\n\n\n\n

Looking ahead, attention will turn to Friday\u2019s US Non-Farm Payrolls figures and the unemployment rate, both for June, for further signals on the strength of the US economy as the markets assess the prospects of interest rate cuts in the autumn.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices stabilised on Thursday, holding onto Wednesday\u2019s significant gains.<\/p>\n

Prices held within a narrow range of $2,354 to $2,363 an ounce on Thursday, compared with Wednesday\u2019s rally from as low as $2,328 an ounce.<\/p>\n","protected":false},"author":50,"featured_media":126445,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215],"tags":[],"class_list":["post-126416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"yoast_head":"\nGold Levels Off After Sharp Gains | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Friday 5th of July 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Levels Off After Sharp Gains | Kinesis\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold news analysis for today, Friday 5th of July 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-05T09:54:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-05T09:54:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gold Levels Off After Sharp Gains | Kinesis\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Gold Price News: Gold Levels Off After Sharp Gains\",\"datePublished\":\"2024-07-05T09:54:43+00:00\",\"dateModified\":\"2024-07-05T09:54:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/\"},\"wordCount\":247,\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png\",\"articleSection\":[\"Gold News\"],\"inLanguage\":\"tr\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/kinesis.money\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/\",\"url\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/\",\"name\":\"Gold Levels Off After Sharp Gains | Kinesis\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png\",\"datePublished\":\"2024-07-05T09:54:43+00:00\",\"dateModified\":\"2024-07-05T09:54:46+00:00\",\"author\":{\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' gold news analysis for today, Friday 5th of July 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#breadcrumb\"},\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage\",\"url\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png\",\"contentUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png\",\"width\":960,\"height\":529},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kinesis.money\/tr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold Price News: Gold Levels Off After Sharp Gains\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kinesis.money\/#website\",\"url\":\"https:\/\/kinesis.money\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/kinesis.money\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"tr\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\",\"name\":\"Frank Watson\",\"description\":\"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0\",\"jobTitle\":\"Precious Metals Market Analyst\",\"url\":\"https:\/\/kinesis.money\/tr\/author\/frankwatson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Levels Off After Sharp Gains | Kinesis","description":"Discover Kinesis' gold news analysis for today, Friday 5th of July 2024, from leading precious metals analyst Frank Watson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"tr_TR","og_type":"article","og_title":"Gold Levels Off After Sharp Gains | Kinesis","og_description":"Discover Kinesis' gold news analysis for today, Friday 5th of July 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/","og_site_name":"Kinesis","article_published_time":"2024-07-05T09:54:43+00:00","article_modified_time":"2024-07-05T09:54:46+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png","type":"image\/png"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_title":"Gold Levels Off After Sharp Gains | Kinesis","twitter_misc":{"Yazan:":"Frank Watson","Tahmini okuma s\u00fcresi":"3 dakika"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Gold Price News: Gold Levels Off After Sharp Gains","datePublished":"2024-07-05T09:54:43+00:00","dateModified":"2024-07-05T09:54:46+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/"},"wordCount":247,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png","articleSection":["Gold News"],"inLanguage":"tr","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/","url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/","name":"Gold Levels Off After Sharp Gains | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png","datePublished":"2024-07-05T09:54:43+00:00","dateModified":"2024-07-05T09:54:46+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' gold news analysis for today, Friday 5th of July 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#breadcrumb"},"inLanguage":"tr","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/"]}]},{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png","width":960,"height":529},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-levels-off-sharp-gains\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/tr\/"},{"@type":"ListItem","position":2,"name":"Gold Price News: Gold Levels Off After Sharp Gains"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"tr"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52","name":"Frank Watson","description":"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0","jobTitle":"Precious Metals Market Analyst","url":"https:\/\/kinesis.money\/tr\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-news-feature-image-gold-gains-as-us-dollar-treasury-yields-weaken.png","small":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/07\/gold-square-coral1-fri.jpg"},"_links":{"self":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts\/126416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/comments?post=126416"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts\/126416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/media\/126445"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/media?parent=126416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/categories?post=126416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/tags?post=126416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}