Gold edges lower as investors weigh Fed rate signals

What happened

Reuters reported on Oct 20, 01:33 UTC the headline "Gold edges lower as investors weigh Fed rate signals".

The headline says gold edged lower while investors weigh Federal Reserve rate signals; the report concerns movements in the gold market and investor focus on the Federal Reserve.

The item was also reported by economictimes.indiatimes.com; the Reuters link is https://news.google.com/rss/articles/CBMilgFBVV95cUxOLVJCYm9CRFhWY01aUkRqYnVXb0RzRC1RUnhfOEFicHItalFBMnRMc0ZjcWRVcGNnZVg3ZXQ3WXNXeUZLN183enN0NFAtdmxuUHJhRU5jOHlQbTg1TldhNVdtbF9IWU1GZ1BfOEZvTnJpUEhGTE5xUkRSbl9FZVR4NlFJMEE2V1VYZ1hVRzk3SmpJMi1qelE?oc=5

Commodities market context

As of Oct 20, 20:00 UTC, the GLD ETF, which tracks Gold, was $377.65 and fell 0.54% from the prior close; the SLV ETF, which tracks Silver, was $52.12 and rose 1.13% from the prior close; the USO ETF, which tracks WTI Crude Oil, was $160.61 and fell 0.12% from the prior close; the BNO ETF, which tracks Brent Crude, was $66.87 and fell 0.37% from the prior close; the UNG ETF, which tracks Natural Gas, was $10.50 and rose 0.38% from the prior close; the CPER ETF, which tracks Copper, was $39.75 and rose 0.45% from the prior close; and the UUP ETF, which tracks US Dollar Index, was $28.90 and fell 0.34% from the prior close.

Related coverage

Yahoo published "JPMorgan says Bitcoin will beat stocks, bonds and gold". Cointelegraph published "JPMorgan projects Bitcoin to outperform US stocks and gold over next decade". CoinDesk published "JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade".

• Gold edges lower as investors weigh Fed rate signals — Reuters, Oct 20, 01:33 UTC (also reported by economictimes.indiatimes.com)
• JPMorgan says Bitcoin will beat stocks, bonds and gold — Yahoo, Oct 20, 16:00 UTC
• JPMorgan projects Bitcoin to outperform US stocks and gold over next decade — Cointelegraph, Oct 20, 08:45 UTC
• JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade — CoinDesk, Oct 20, 11:10 UTC
• Bitcoin Could Beat Stocks, Gold Over 10 Years, Says JPMorgan – But It Comes With A Volatility Warning — Yahoo, Oct 20, 09:30 UTC

Sources and data

• Reuters (secondary source) — Gold edges lower as investors weigh Fed rate signals
• Yahoo (secondary source) — JPMorgan says Bitcoin will beat stocks, bonds and gold
• Cointelegraph (secondary source) — JPMorgan projects Bitcoin to outperform US stocks and gold over next decade
• CoinDesk (secondary source) — JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade
• Finnhub (market data) — market data
• Federal Reserve (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 20, 20:00 UTC; report generated Oct 20, 20:50 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.