Movement Alert|Gold Trust Ishares Falls 3.45% in Regular Trading, Consecutive Rate Hike Expectations and Stronger Dollar Weigh on Gold Prices

Market Focus
09/28

On September 28, Gold Trust Ishares fell 3.45% in regular trading, trading at $77.83/share, with turnover of $42.7627 million. The decline was driven by intensifying Fed hawkish expectations and a strengthening US dollar, which together exerted significant downward pressure on gold prices.

According to CME data, market expectations for a 25-basis-point rate hike in October surged to as high as 64.8%, reinforcing consecutive rate hike expectations that have weighed heavily on the precious metals complex. Spot gold extended losses to over 2% intraday, breaking below the $4,200 level, after previously breaching the $4,300 mark. The US dollar index rose for a fifth consecutive session, climbing to around 101.30 near a three-month high. Meanwhile, the world's largest gold ETF saw its holdings decrease by 2.281 tonnes from the prior day, reflecting simultaneous capital outflows. Gold mining stocks declined broadly, with major names including Shandong Gold falling 8.90%, Lingbao Gold down 8.87%, and Zhaojin Mining off 5.51%. Analysts noted that while gold prices may see a short-term corrective rebound after the rate hike materializes, persistent expectations of consecutive hikes continue to cap upside potential. A range-bound trading approach was recommended.

Gold Trust Ishares seeks to reflect the performance of gold prices before payment of the Trust's expenses and liabilities. It is not actively managed and does not engage in activities designed to profit from or ameliorate losses caused by changes in the price of gold, constituting a simple and cost-effective means of making an investment similar to an investment in physical gold.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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