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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Gold near highest since April on stimulus speculation * Sell-off possible if Bernanke disappoints * Bullion ETFs’ holdings rose to record * Coming up: U.S. real GDP data Wednesday (Updates markets activity) By Frank Tang NEW YORK, Aug 28 (Reuters) – Gold edged up on Tuesday as weak U.S. consumer confidence boosted speculation of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13990"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13990\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Gold near highest since April on stimulus speculation\n * Sell-off possible if Bernanke disappoints\n * Bullion ETFs' holdings rose to record\n * Coming up: U.S. real GDP data Wednesday\n\n (Updates markets activity)\n By Frank Tang\n NEW YORK, Aug 28 (Reuters) - Gold edged up on Tuesday as\nweak U.S. consumer confidence boosted speculation of new\nstimulus from the Federal Reserve, but some analysts warned of a\npossible sell-off if the U.S. central bank does not commit to\nmore monetary easing.\n Bullion climbed slightly on a weak dollar as investors\nexpected the Fed may unveil another round of stimulus at the\nannual symposium of central bankers and finance ministers in\nJackson Hole, Wyoming. Fed Chairman Ben Bernanke is due to\ndeliver a speech on Friday.\n Gold investors could quickly unwind bullish positions if \nBernanke does not signal readiness to launch a third round of\ngovernment bond buying, or quantitative easing, analysts said. \n \"Gold prices could correct, possibly abruptly and steeply,\nshould Bernanke's speech again hint of distancing the Fed from\nfurther monetary policy easing,\" said James Steel, analyst at\nHSBC. \n Spot gold was up 0.1 percent on the day at $1,666.01\nan ounce by 1:57 p.m. EDT (1757 GMT), hovering near a 4-1\/2\nmonth high at $1,676.45 on Monday. \n The metal has gained 5 percent in the past nine sessions.\n Spot prices have narrowed their gap with futures after a\nwave of selling sent spot bullion lower after Monday's futures\nsettlement.\n U.S. COMEX gold futures for December delivery settled\ndown $5.90 an ounce at $1,669.70, and trading volume was on\ntrack to finish below its average, preliminary Reuters data\nshowed.\n Silver climbed 0.5 percent at $30.85 an ounce.\n Sentiment in the gold market also received a boost after a\nreport showed the U.S. consumer confidence deteriorated in\nAugust to the lowest in nine months as Americans were more\npessimistic about labor market prospects. \n A patchy run of U.S. economic data and comments from Fed\npolicymakers that the fragility of the recovery may warrant more\neasing to keep interest rates low has pushed equities to\nfour-year highs and lifted gold, a traditional inflation hedge.\n Fed policymakers were still weighing options and have not\nyet agreed to more stimulus, said Dallas Fed President Richard\nFisher, who opposes more easing. \n \n INVESTORS SOAK UP GOLD\n Despite uncertainty in recent weeks, investors have\ngradually increased gold ownership. Holdings of gold in\nexchange-traded products hit a record 71.53 million ounces on\nFriday, driven by a broad-based flow of metal into most of the\nmajor ETPs monitored by Reuters.\n Adding to the bullish undertone in the gold market was\nconcern about supply from South Africa, which has 80 percent of\nthe world's platinum and also a major gold producer. Tension in\nthe country's mining industry has run high after deadly violence\nat Lonmin's Marikana mine.\n Platinum group metals investors took profits after their\nrecent run-ups. Spot platinum was down 1.5 percent at\n$1,514.25 an ounce, while palladium dropped 1.8 percent to\n$634.08 an ounce.\n 1:57 PM EDT LAST\/ NET PCT LOW HIGH CURRENT\n SETTLE CHNG CHNG VOL\n US Gold DEC 1669.70 -5.90 -0.4 1659.10 1674.90 93,243\n US Silver SEP 30.875 -0.173 -0.6 30.485 30.975 40,913\n US Plat OCT 1520.40 -32.80 -2.1 1517.50 1547.00 7,490\n US Pall SEP 639.70 -15.05 -2.3 634.60 653.75 4,593\n \n Gold 1666.01 2.41 0.1 1657.88 1672.20 \n Silver 30.850 0.160 0.5 30.540 30.990\n Platinum 1514.25 -22.85 -1.5 1521.00 1541.00\n Palladium 634.08 -11.52 -1.8 638.27 650.51\n \n TOTAL MARKET VOLUME 30-D ATM VOLATILITY\n CURRENT 30D AVG 250D AVG CURRENT CHG\n US Gold 97,891 148,926 180,700 17.38 -0.27\n US Silver 68,389 43,691 56,457 28.11 1.74\n US Platinum 7,787 14,378 9,636 23.33 0.10\n US Palladium 9,067 6,404 4,617 \n \n \n\n (Additional reporting by Amanda Cooper and Jan Harvey in\nLondon; Editing by David Gregorio and Marguerita Choy)<\/pre>\n