{"id":46373,"date":"2014-01-16T07:23:47","date_gmt":"2014-01-16T12:23:47","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46373"},"modified":"2014-01-16T07:23:47","modified_gmt":"2014-01-16T12:23:47","slug":"gold-holds-two-day-fall-on-fed-stimulus-speculation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/gold-holds-two-day-fall-on-fed-stimulus-speculation\/","title":{"rendered":"Gold Holds Two-Day Fall on Fed Stimulus Speculation"},"content":{"rendered":"

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

Gold traded slightly high on Thursday, halting the two-day decline from the highest level in a month on speculation that the Federal Reserve (Fed) could continue to reduce its asset purchases at its next meeting on January 28-29.<\/p>\n

Gold Futures rose 0.40% higher to $1,243.30 per ounce at the time of writing, while the silver futures gained 0.48% standing at $20.22 per ounce at the same time.<\/p>\n

In December, the Federal Reserve (Fed) decided to reduce its monthly bond purchases to $75 billion from $85 billion. Market participants are focusing on the next Fed meeting scheduled for January 28-29 for more hints.<\/span><\/p>\n

The US dollar index dropped 0.06% lower to 80.981 points at the time of writing.<\/p>\n

Assets in the world\u2019s largest gold-backed exchange-traded fund, SPDR Gold Trust, came in at 789.56 tones lower on Wednesday.<\/p>\n

Gold – World Bank<\/span><\/h2>\n

The World Bank raised its global growth forecast on Tuesday, increasing its forecast to 3.2% this year, 3.4% by 2015 and 3.5% the year after.<\/p>\n

The US gross domestic product (GDP) is forecasted to increase by 2.8%, while Japan and the eurozone will expand by 1.4% and 1.1% respectively.<\/p>\n

Gold – US Data<\/span><\/h2>\n

The New York Manufacturing Index advanced 12.51 higher in January, rising above analysts forecast of 3.50 and compared to the previous reading of 2.22.<\/p>\n

The US producer prices edged 0.4% higher on a month-to-month basis in December, rising from 0.1% recorded in the previous month.<\/p>\n

The central bank\u2019s Beige Book business survey, revealed the US economy continuous to grow at a moderate pace across most of the country.<\/p>\n

 <\/p>\n

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The post Gold Holds Two-Day Fall on Fed Stimulus 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 traded slightly high on Thursday, halting the two-day decline from the highest level in a month on speculation that the Federal Reserve (Fed) could continue to reduce its asset purchases at its next meeting on January 28-29. Gold Futures rose 0.40% higher to $1,243.30 per ounce at the time … <\/p>\n

Continue reading “Gold Holds Two-Day Fall on Fed Stimulus 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-46373","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46373","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=46373"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}