{"id":43540,"date":"2013-10-29T07:23:16","date_gmt":"2013-10-29T11:23:16","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43540"},"modified":"2013-10-29T07:23:16","modified_gmt":"2013-10-29T11:23:16","slug":"gold-prices-little-unchanged-ahead-of-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/29\/gold-prices-little-unchanged-ahead-of-fed-meeting\/","title":{"rendered":"Gold Prices Little Unchanged Ahead of Fed Meeting"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Gold prices were seen trading flat during the Asian trading hours on Tuesday ahead of the Federal Reserve\u2019s two-day meeting, which will begin today.<\/p>\n

Yellow metal futures edged 0.08% higher at $1,353.30 an ounce during the Asian trading session on Tuesday, while silver futures declined 0.02% to $22.535 an ounce at the time of writing.<\/p>\n

While holdings in the world\u2019s biggest gold-backed exchange-traded fund, SPDR Gold Trust came in at 872.02 tonnes on Monday.<\/p>\n

 <\/p>\n

Gold Prices – Federal Reserve Meeting<\/span><\/h2>\n

Policymakers from the Federal Reserve are expected to meet this week and release its statement by Wednesday, with predictions that the Fed will delay tapering its monthly asset-purchasing program after the release of the disappointing US payroll data and the 16-day government shutdown.<\/span><\/p>\n

“We believe the tapering will definitely be delayed and that’s positive for precious metals,”\u00a0Brian Lan, managing director of GoldSilver Central, said, “gold prices will close above $1,400 by the end of the year,” he added.<\/p>\n

 <\/p>\n

Gold Prices – US Data<\/span><\/h2>\n

On Monday, a report released by the Federal Reserve showed that the US industrial production rose 0.6% higher in September on a monthly basis, compared to the previous reading of a 0.4% rise in August. The report was expected to be released on October 17 but was delayed due to the partial government shutdown.<\/p>\n

Meanwhile, the US National Association of Realtors posted a report showing the pending home sales advanced in September by 5.6%, compared to the decline of 1.6 seen in the previous month.<\/p>\n

 <\/p>\n

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Visit<\/i><\/strong>\u00a0www.hymarkets.com\u00a0<\/a>and start trading today from only $50!<\/strong><\/i><\/b><\/p>\n

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The post Gold Prices Little Unchanged Ahead of Fed Meeting<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Gold prices were seen trading flat during the Asian trading hours on Tuesday ahead of the Federal Reserve\u2019s two-day meeting, which will begin today. Yellow metal futures edged 0.08% higher at $1,353.30 an ounce during the Asian trading session on Tuesday, while silver futures declined 0.02% to $22.535 an ounce … <\/p>\n

Continue reading “Gold Prices Little Unchanged Ahead of Fed Meeting”<\/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-43540","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43540","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=43540"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43540\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}