{"id":38425,"date":"2013-05-20T04:37:52","date_gmt":"2013-05-20T08:37:52","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38425"},"modified":"2013-05-20T04:37:52","modified_gmt":"2013-05-20T08:37:52","slug":"gold-goes-down-while-silver-drops-to-2-year-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/20\/gold-goes-down-while-silver-drops-to-2-year-low\/","title":{"rendered":"Gold goes down while silver drops to 2-year low"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>With gold plunging over 1.5 on Monday, the yellow metal has cleared all previous gains after more than two year low of $1,322.06 per troy ounce in April.\u00a0 While Silver has been trading at a level last seen in 2012.<\/p>\n<p>&nbsp;<br \/>\nThe yellow metal dipped 1.65% to $1,342.40 per troy ounce while Silver tumbled 4.69% to $21.305 an ounce. With silver correlating with gold, it touched its two-year low on Monday, losing its safe status. Silver has already lost 38% while gold has lost more the 22% this year.<span id=\"more-1854\"><\/span>Central bank gold rose to an eight year high due to the massive buying from Russia and some of its former states according to reports.<\/p>\n<p>The Dollar index is said to have traded at 84.071 confirming US dollar\u2019s strengthening this month.<\/p>\n<p>Philly FE\u2019s Charles Plosser acknowledged the US economy continuous recovery as he said the job market had improved for the Federal Reserve to reduce the pace of its $85 billion monthly QE.<\/p>\n<p>Should labor market conditions and inflation continue to evolve as I project, then I would view ending the purchases by year-end as appropriate,&#8221; Plosser said on Tuesday.<\/p>\n<p>The Sore Fund Management LLC lowered its investment in SPDR Gold Trust which is the biggest ETP by 12% to $530,900 shares since March 31<sup>st<\/sup>. The reduction followed 55 % cut in the fourth quarter last year.<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/gold\/gold-goes-down-while-silver-drops-to-2-year-low.html\">Gold goes down while silver drops to 2-year low<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog With gold plunging over 1.5 on Monday, the yellow metal has cleared all previous gains after more than two year low of $1,322.06 per troy ounce in April.\u00a0 While Silver has been trading at a level last seen in 2012. &nbsp; The yellow metal dipped 1.65% to $1,342.40 per troy &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/20\/gold-goes-down-while-silver-drops-to-2-year-low\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold goes down while silver drops to 2-year low&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38425","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38425"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38425\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}