{"id":56631,"date":"2014-08-14T09:21:01","date_gmt":"2014-08-14T13:21:01","guid":{"rendered":"http:\/\/countingpips.com\/?p=56631"},"modified":"2014-08-14T09:21:01","modified_gmt":"2014-08-14T13:21:01","slug":"gold-trades-higher-amid-ongoing-geopolitical-unrest","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/gold-trades-higher-amid-ongoing-geopolitical-unrest\/","title":{"rendered":"Gold Trades Higher amid Ongoing Geopolitical Unrest"},"content":{"rendered":"
August 14, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Gold Futures were seen extending gains on Thursday, rising for a third day in London amid the ongoing tensions in the Middle East and Ukraine as investors digests the weak US retail sales report, questioning the economic recovery of the world\u2019s largest economy.<\/p>\n

Bullion for immediate delivery edged 0.3% higher to $1,316.43 an ounce in London, according to Bloomberg generic pricing, while Gold futures for December delivery advanced 0.21% to $1,317.40 an ounce on the Comex, in New York at the time of writing.<\/span><\/p>\n

Silver futures climbed 0.40% to $19.925 an ounce, after falling to an eight-week low of $19.7131 on Wednesday. Palladium fell 0.1% to $880.50 an ounce, while Platinum was seen a little changed at $1,470.49 an ounce.<\/p>\n

Gold prices were boosted on Wednesday after the release of the disappointing US retail sales report, which failed to meet analysts\u2019 projections. The US core retail sales and retail sales rose by 0.1% in July, coming in lower than market estimates of a 0.4% rise. Retail sales on monthly basis remained unchanged, missing analysts\u2019 projections of 0.2% rise.<\/p>\n

The US dollar weakened against a basket of major currencies after the release, which could also weigh on the Federal Reserve decision over its monetary policy.<\/p>

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Geopolitical Tensions<\/span><\/h2>\n

The ongoing tensions continue to remain in the spotlight as Ukraine accepted a negotiation over \u00a0a humanitarian aid convey from Russia, could accepts the military supplies if the Red Cross distributed them in\u00a0 the country\u2019s eastern regions affected the turmoil.<\/p>\n

In Gaza, Israeli and Palestinian militants have agreed to extend the truce for five days, after eight rockets were fired from Gaza into Israel before and after the deadline, according to reports.<\/p>\n

Gold prices fell 16% lower to 963.8 metric tons in the second quarter, while global jewelry buying slid by 30% and bar and coin demand edged 56&, according to a report from the World Gold Council.<\/p>\n

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The post Gold Trades Higher amid Ongoing Geopolitical Unrest<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Gold Futures were seen extending gains on Thursday, rising for a third day in London amid the ongoing tensions in the Middle East and Ukraine as investors digests the weak US retail sales report, questioning the economic recovery of the world\u2019s largest economy. Bullion for immediate delivery edged 0.3% higher […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-56631","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/56631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=56631"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/56631\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=56631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=56631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=56631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}