{"id":39691,"date":"2013-07-03T09:37:41","date_gmt":"2013-07-03T13:37:41","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=39691"},"modified":"2013-07-03T09:37:41","modified_gmt":"2013-07-03T13:37:41","slug":"gold-futures-climbs-as-investors-concerns-on-sentiment-rises","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/03\/gold-futures-climbs-as-investors-concerns-on-sentiment-rises\/","title":{"rendered":"Gold futures climbs as investors concerns on sentiment rises"},"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 futures advanced from its previous loss, surpassing $1,250 per ounce. The yellow metal futures for August delivery jumped to 0.96% trading at $1,255.44 per ounce as of 7:28 GMT, while the silver futures for September delivery gained 2.54% to $19.79 per ounce and the same time.<\/p>\n<p>Earlier, the precious metal dropped, opening at a negative territory. However, the gold futures picked up at the early hours of the European trading session at $1,248 an ounce.<span id=\"more-2066\"><\/span><\/p>\n<p>After the announcement the Federal Reserve made regarding possible cut to its $85 billion bond-buying monthly program, investors are concerned the precious metal may weaken and loose its safe-haven status.<\/p>\n<p>In the previous week, gold fell steeply, losing more than 7%. While on Friday, the precious metal reached its three-year low of $1,182.85 an ounce.<\/p>\n<p>The Shanghai Gold benchmark contract has surpassed 14,000 kilograms, after an all-time high of 43,272 kilograms on April 22, while the SPDR Gold Trust, lowered to 964.69 metric tons on Tuesday.<\/p>\n<p>Gold may be heading to its worst quarterly performance in over 90 years, after losing 25% in its second quarter so far, according to data released from the US central bank. The Goldman Sachs predicted that gold may reach $1,050 an ounce by next year, while the Credit Suisse Group predicted prices will drop to $1,150 an ounce next year.<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/metals\/gold-futures-climbs-as-investors-concerns-on-sentiment-rises.html\">Gold futures climbs as investors concerns on sentiment rises<\/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 futures advanced from its previous loss, surpassing $1,250 per ounce. The yellow metal futures for August delivery jumped to 0.96% trading at $1,255.44 per ounce as of 7:28 GMT, while the silver futures for September delivery gained 2.54% to $19.79 per ounce and the same time. Earlier, the precious &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/03\/gold-futures-climbs-as-investors-concerns-on-sentiment-rises\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold futures climbs as investors concerns on sentiment rises&#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-39691","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/39691","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=39691"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/39691\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=39691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=39691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=39691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}