{"id":63076,"date":"2014-11-04T07:48:46","date_gmt":"2014-11-04T12:48:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=63076"},"modified":"2014-11-04T07:57:26","modified_gmt":"2014-11-04T12:57:26","slug":"gold-trades-near-four-year-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/gold-trades-near-four-year-low\/","title":{"rendered":"Gold Trades Near Four-Year Low"},"content":{"rendered":"
November 4, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Gold prices were seen trading lower on Tuesday, falling to a four-year low on forecasts that the US dollar will strengthened on the monetary policy.<\/p>\n

The yellow metal is expected to have its first back-to-back retreat since 2000, according to analysts.<\/p>\n

Gold for immediate delivery gained 0.2% to $1,167.39 an ounce, according to Bloomberg generic pricing. The yellow metal fell to $1,161.35 on Friday, the lowest since July 2010. Gold for December delivery declined 0.3% to $1,166.70 on the Comex in New York.\u00a0<\/span><\/p>\n

Silver futures for immediate delivery dropped 0.7% to $16.0452 an ounce in London, falling for the fifth consecutive day, marking the longest run of losses since November 2013.<\/p>\n

“Gold sits near its lowest level since 2010 on expectations the US Fed is moving towards its first rate rise in 8 years while peers hold rates low and add stimulus (ECB, BoJ),” Michael van Dulken from Accendo Markets commented in a morning note.<\/p>

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The US dollar index, which measures the strength of the greenback against a basket of major currencies, fell 0.16% to 87.1680.<\/p>\n

Last week, the Bank of Japan announced an unexpected increase the quantity of bond purchases under the central bank\u2019s quantitative and qualitative easing program.<\/p>\n

“The strong USD is denting bullion demand, while soft global inflation is negating any need for a stimulus-fuelled hyperinflation hedge and the strength in equities is reducing the need for a safe-haven,” van Dulken added.<\/p>\n

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

The US Federal Reserve is expected to raise interest rates after the recent upbeat US economic reports released.<\/p>\n

A report from the US Labour Department due this week is expected to show that non-farm payrolls increased 234,000 last month and the unemployment rate at 5.9%.<\/p>\n

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The post Gold Trades Near Four-Year Low<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Gold prices were seen trading lower on Tuesday, falling to a four-year low on forecasts that the US dollar will strengthened on the monetary policy. The yellow metal is expected to have its first back-to-back retreat since 2000, according to analysts. Gold for immediate delivery gained 0.2% to $1,167.39 an […]<\/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-63076","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63076","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=63076"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63076\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}