{"id":44272,"date":"2013-11-18T08:38:04","date_gmt":"2013-11-18T13:38:04","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44272"},"modified":"2013-11-18T08:38:04","modified_gmt":"2013-11-18T13:38:04","slug":"gold-futures-trades-flat-on-fed-tapering-speculation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/18\/gold-futures-trades-flat-on-fed-tapering-speculation\/","title":{"rendered":"Gold Futures Trades Flat on Fed- Tapering Speculation"},"content":{"rendered":"

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

Gold futures were seen trading flat on Monday, steady below the $1,300-level per ounce as investors speculate on the Federal Reserve (Fed) and hoping it will keep its bond-buying program until the end of the year.<\/p>\n

Gold futures dropped 0.07% lower, trading at $1,286.60 per ounce at the time of writing, while silver futures edged 0.30% lower at $20.670 per ounce.<\/p>\n

The US dollar index, which measures the strength of the US dollar against a basket of six of its major peers, edged 0.07% lower, standing at 80.792 points. Holdings in the SPDR Gold Trust came in at 865.71 tones on Friday.<\/span><\/p>\n

Gold Futures – Federal Reserve <\/span><\/h2>\n

The yellow metal has been trading below the $1,300 threshold per ounce as investors continue to speculate about how long the Federal Reserve will keep its monthly bond-buying program at its current pace.<\/p>\n

On November 14th<\/sup>, Fed Chairperson nominee Janet Yellen said she would support the central bank\u2019s monetary policy until the US economy is stronger.<\/p>\n

Yellen said the US economy still needs to work on the growth of the economy and the unemployment rate as it remains high.<\/p>\n

The current Fed Chairman Ben Bernanke is expected to give a speech on Tuesday, while minutes from the Federal Reserve\u2019s (Fed) October meeting are expected to be released on Wednesday, November 20th<\/sup>.<\/p>\n

Analysts are worried over the possibility that the central bank may start to taper its bond-buying program at its next meeting, scheduled for December 17-18.<\/p>\n

Recent data released reveals that the number of non-farm payrolls climbed 204,000 higher in October, while the US economic growth expanded an annualized 2.8% in the third quarter.<\/p>\n

However, some analysts are predicting that the Federal Reserve will begin tapering its asset-purchasing program at the March meeting.<\/p>\n

 <\/p>\n

Interested in trading Metals Online?\u00a0<\/i><\/strong><\/p>\n

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

The post Gold Futures Trades Flat on Fed- Tapering Speculation<\/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 futures were seen trading flat on Monday, steady below the $1,300-level per ounce as investors speculate on the Federal Reserve (Fed) and hoping it will keep its bond-buying program until the end of the year. Gold futures dropped 0.07% lower, trading at $1,286.60 per ounce at the time of … <\/p>\n

Continue reading “Gold Futures Trades Flat on Fed- Tapering Speculation”<\/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-44272","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44272","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=44272"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}