{"id":59083,"date":"2014-08-21T07:33:24","date_gmt":"2014-08-21T11:33:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=59083"},"modified":"2014-08-21T07:36:40","modified_gmt":"2014-08-21T11:36:40","slug":"gold-falls-to-two-month-low-after-fed-minutes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/gold-falls-to-two-month-low-after-fed-minutes\/","title":{"rendered":"Gold Falls To Two-Month Low After Fed Minutes"},"content":{"rendered":"
August 21, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Gold price extended losses on Thursday as it fell to a two-month low after the Fed released minutes from its July meeting, meanwhile Platinum is seen heading for its longest-losing streak in 27 years.<\/p>\n

Fed Minutes<\/span><\/h2>\n

The Fed minutes revealed that the Fed policymakers may increase rates sooner than later, however the minutes also showed that some of the officials wanted additional evidence before boosting rates.<\/span><\/p>\n

The Fed Chair Janet Yellen will be giving a speech at the central bankers meeting in Jackson Hole, Wyoming.<\/p>\n

The US dollar strengthened against a basket of 10 major currencies after the Fed minutes were released and was little changed after it climbed to a six-month high on Thursday.<\/p>\n

Gold for immediate delivery lost 0.8% to $1,281.04 an ounce, according to Bloomberg generic pricing. Gold for December delivery dropped 1.1% lower at $1,281.60 an ounce on the Comex in New York.<\/p>

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Silver futures for immediate delivery lost 0.7% to $19.3503 an ounce after falling to a $19.3194 low, the lowest since June 12. While Platinum slid 0.2% to $1,424.88 an ounce, falling for the tenth day in a row, the longest losing streak since at least January 1987.<\/p>\n

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

As the tensions in Iraq and Ukraine continue, gold prices have remained unaffected by the cruses as the yellow metal prices increased by 6.6% this year after the unrest in Ukraine and Middle East increased haven demand.<\/p>\n

Other News<\/span><\/h2>\n

Apart from the annual economic gathering in Jackson Hole, which will commence today, Investors will also be focusing on the release of the US jobs report with forecasts of a drop of 303,000 in initial jobless claims, during the period ended August 16.<\/p>\n

While the expected PMI and existing home sales figures from the US are expected to fall from the previous readings.<\/p>\n

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The post Gold Falls To Two-Month Low After Fed Minutes<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Gold price extended losses on Thursday as it fell to a two-month low after the Fed released minutes from its July meeting, meanwhile Platinum is seen heading for its longest-losing streak in 27 years. Fed Minutes The Fed minutes revealed that the Fed policymakers may increase rates sooner than later, […]<\/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-59083","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59083","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=59083"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59083\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}