{"id":50257,"date":"2014-04-29T08:11:43","date_gmt":"2014-04-29T12:11:43","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50257"},"modified":"2014-04-29T08:11:43","modified_gmt":"2014-04-29T12:11:43","slug":"gold-trades-lower-fomc-meeting-in-spotlight","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/04\/29\/gold-trades-lower-fomc-meeting-in-spotlight\/","title":{"rendered":"Gold Trades Lower ; FOMC Meeting In Spotlight"},"content":{"rendered":"

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

Gold futures were seen trading below the $1,300 threshold on Tuesday, while US reported an upbeat housing data and investors focus on the two-day monthly policy meeting held by the US Federal Reserve (Fed) which will begin later in the day.<\/p>\n

Bullion futures for June delivery edged 0.78% lower to $1,289.10 an ounce on the New York Comex at the time of writing, while silver futures fell 1.02% to $19.420 an ounce at the same time.<\/span><\/p>\n

FOMC Meeting <\/span><\/h2>\n

Investors will be focusing on the outcome of the Federal Reserve two-day monthly policy meeting which will begin later in the day, with predictions that the Federal Reserve will announce another cut to its stimulus for the fourth time in a row.<\/p>\n

Meanwhile, US Federal Reserve Chair Janet Yellen is expected to give a speech at the Independent Community Bankers of America\u2019s Annual Policy Summit on Thursday.<\/p>\n

Investors will also be focusing on the release of the non-farm payrolls figures due Friday, with estimates of 210,000 additional new jobs, compared to the previous figure of 192,000.<\/p>\n

Gold\u2019s net-long status climbed by 0.5% to 90,572 futures and options in the week ending April 22, the first rise since March 18, reports from the US Commodity Futures Trading Commission showed.<\/p>\n

Gold has climbed by 8% this year, bouncing back from the 28% drop seen last year and boosted by the sustained physical demand. . “Although it is difficult to predict gold prices over short term, yet the increasing geo-political risks and increasing profit-taking pressure in US market are very visible and obvious as of now, hence fueling near-term positive sentiments towards gold price and gold stocks,” Helen Lau, a senior analyst at UOB Kay Hian (Hong Kong) Research, wrote in a note.<\/p>\n

 <\/p>\n

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The post Gold Trades Lower ; FOMC 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 futures were seen trading below the $1,300 threshold on Tuesday, while US reported an upbeat housing data and investors focus on the two-day monthly policy meeting held by the US Federal Reserve (Fed) which will begin later in the day. Bullion futures for June delivery edged 0.78% lower to … <\/p>\n

Continue reading “Gold Trades Lower ; FOMC 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-50257","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50257","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=50257"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}