{"id":45488,"date":"2013-12-17T07:08:28","date_gmt":"2013-12-17T12:08:28","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45488"},"modified":"2013-12-17T07:08:28","modified_gmt":"2013-12-17T12:08:28","slug":"gold-prices-advances-fed-meeting-in-spotlight","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/17\/gold-prices-advances-fed-meeting-in-spotlight\/","title":{"rendered":"Gold Prices Advances; Fed Meeting in Spotlight"},"content":{"rendered":"

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

Gold prices rose for the third day as market participants focus on the US Federal Reserve (Fed) meeting which will commence today till tomorrow, with speculations that the central banks would begin to reduce its monthly asset purchasing program.<\/p>\n

The yellow metal futures for February advanced 0.10% to $1,245.64 as 2:31pm in Singapore, while silver contracts for March 2012 edged 0.26% higher at $20.155 an ounce at the same time.<\/p>\n

Holdings in the world\u2019s largest gold-backed exchange-traded fund, SPDR came in at 818.90 tones on Monday, the lowest since 2009.<\/span><\/p>\n

The US dollar index, which measures the strength the US dollar against six major currencies, edged 0.05% lower at 80.0370 points.<\/p>\n

The yellow metal declined around 26% this year, heading to its first annual drop after 12 consecutive years.<\/p>\n

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

Investors and market participants are keeping a close eye on the anticipating Federal Reserve two-day meeting, scheduled to begin on Tuesday and conclude on Wednesday. Some analysts are predicting the Fed to push back the cutting of its monthly stimulus till next year, while some are expecting the Fed to announce the tapering of its monthly asset purchasing program<\/p>\n

Gold Prices – US Data<\/span><\/h2>\n

In New York, the state\u2019s manufacturing index advanced to 0.98 in December, but was below analysts\u2019 forecast of 5.0, reports from the Federal Reserve Bank of New York confirmed on Monday.<\/p>\n

While the industrial production edged 1.1% higher in November month-on-month, slightly higher from the previous month\u2019s record of 0.1% and surpassing analysts\u2019 forecast of 0.6%. Manufacturing climbed 0.6% higher in November, while mining gained 1.7% and utilities rose by 3.9%.<\/p>\n

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The post Gold Prices Advances; Fed Meeting in Spotlight<\/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 rose for the third day as market participants focus on the US Federal Reserve (Fed) meeting which will commence today till tomorrow, with speculations that the central banks would begin to reduce its monthly asset purchasing program. The yellow metal futures for February advanced 0.10% to $1,245.64 as … <\/p>\n

Continue reading “Gold Prices Advances; Fed Meeting in Spotlight”<\/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-45488","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45488","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=45488"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45488\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}