{"id":62583,"date":"2014-10-27T08:42:16","date_gmt":"2014-10-27T12:42:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=62583"},"modified":"2014-10-27T09:15:56","modified_gmt":"2014-10-27T13:15:56","slug":"gold-remains-steady-fed-meeting-in-spotlight","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/gold-remains-steady-fed-meeting-in-spotlight\/","title":{"rendered":"Gold Remains Steady; Fed-Meeting in Spotlight"},"content":{"rendered":"
October 27, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Gold prices remained steady on Monday as investors weighed on the reduced demand for the yellow metal as a safe-haven asset, while the spotlight is on the Federal Reserve (Fed) meeting scheduled to begin on Tuesday.<\/p>\n

The yellow metal dropped to a one-week low of $1,226.43 an ounce on Thursday as the US dollar and global equities strengthened.<\/p>\n

Gold for immediate delivery slid 0.1% lower to $1,229.88 an ounce, according to the Bloomberg generic pricing, while the yellow metal futures for December delivery lost 0.07% to $1,230.90 per ounce on the Comex in New York. Silver futures for immediate delivery lost 0.10% to trade at $17.165 per ounce in London. Platinum gained 0.3% to $1,254 an ounce, while the Platinum ETP holdings declined to 83.5 metric tons on Oct 24.\u00a0<\/span><\/p>\n

The US dollar Index, which measures the strength of the greenback against a basket of major currencies, declined 0.26% to 85.5090.<\/p>\n

Money managers\u2019 net bullish position in gold climbed by 45% in the week ended Oct 21, data from the US Commodity Futures Trading Commission showed.<\/p>

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Assets in the world\u2019s biggest gold-backed exchange-traded fund, SPDR Gold Trust, came in at 745.39 on Friday.<\/p>\n

Meanwhile, over the weekend, the European Central Bank (ECB) along with the European Banking Authority (EBA) announced that 25 out of a total of 130 European banks failed the stress tests. However, none of Europe\u2019s major banks failed the stress tests.<\/p>\n

All eyes are on the two-day Fed meeting, scheduled to begin on Tuesday as analysts forecast the Federal Open Market Committee will announce an end to its monthly asset purchases at their Oct 28-29 meeting.<\/p>\n

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The post Gold Remains Steady; Fed-Meeting in Spotlight<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Gold prices remained steady on Monday as investors weighed on the reduced demand for the yellow metal as a safe-haven asset, while the spotlight is on the Federal Reserve (Fed) meeting scheduled to begin on Tuesday. The yellow metal dropped to a one-week low of $1,226.43 an ounce on Thursday […]<\/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-62583","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62583","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=62583"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}