{"id":38587,"date":"2013-05-28T05:53:12","date_gmt":"2013-05-28T09:53:12","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38587"},"modified":"2013-05-28T05:53:13","modified_gmt":"2013-05-28T09:53:13","slug":"gold-declines-as-dollar-strengthens-before-u-s-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/28\/gold-declines-as-dollar-strengthens-before-u-s-data\/","title":{"rendered":"Gold declines as dollar strengthens before U.S data"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>Gold prices struggles as it drops while the U.S. dollar strengthen, proving the economy is improving.<\/p>\n<p>The yellow metal is still struggling just below the $1,400 level for the fourth time on Tuesday.<\/p>\n<p>Among the expected data releases Is the data from the US consumer confience and the Shiller Case composite house price index for investors.<span id=\"more-1900\"><\/span><\/p>\n<p>Spot gold dropped 0.46% to $1,388.35 at 5.34am GMT. The yellow metal has dropped by 17% so far this year after getting a break during the two sessions last week. Dollar rallied by 5.1 percent against a six currency basket and was traded at 83.840 with predictions by the Federal Reserve, which may scale back quantitative-easing measures that assisted the metal cap a 12-year bull run in 2012.<\/p>\n<p>Recently gold managed to retrieve its safe-haven status and received a boost from Asia after a fright over the Japanese market and withdrawal from investors. The Japanese central bank inserted 2 trillion yen into the markets to help the government bond yield rally at the beginning of the trading session.<\/p>\n<p>Last week, US Federal Reserve Chairman Bernanke refused to withdraw the current pace of monetary stimulus until the economy improves; however the Fed currently buys $85 billion of Treasury and mortgage debt every month. Spot gold is heading for a second monthly loss as it dropped 5.9 percent in May.<\/p>\n<p>Cash silver fell by 0.9% to $22.4805 an ounce while Platinum had a slight fall at $1,450.75 an ounce.<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/gold\/gold-declines-as-dollar-strengthens-before-u-s-data.html\">Gold declines as dollar strengthens before U.S data<\/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 Gold prices struggles as it drops while the U.S. dollar strengthen, proving the economy is improving. The yellow metal is still struggling just below the $1,400 level for the fourth time on Tuesday. Among the expected data releases Is the data from the US consumer confience and the Shiller Case &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/28\/gold-declines-as-dollar-strengthens-before-u-s-data\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold declines as dollar strengthens before U.S data&#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-38587","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38587","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=38587"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}