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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":" (Corrects day of the week in the lead) * Gold hovers near highest since April on stimulus speculation * Sell-off possible if Bernanke disappoints * Bullion ETFs’ holdings rose to record By Frank Tang NEW YORK, Aug 28 (Reuters) – Gold rose on Tuesday as weak U.S. consumer confidence boosted speculation of new stimulus from […]<\/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-13992","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\/13992","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=13992"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13992\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}(Corrects day of the week in the lead)\n * Gold hovers near highest since April on stimulus\nspeculation\n * Sell-off possible if Bernanke disappoints\n * Bullion ETFs' holdings rose to record\n\n By Frank Tang\n NEW YORK, Aug 28 (Reuters) - Gold rose on Tuesday as weak\nU.S. consumer confidence boosted speculation of new stimulus\nfrom the Federal Reserve, but some analysts warned of a possible\nsell-off if the U.S. central bank does not commit to more\nmonetary easing.\n Bullion climbed on a weak dollar as investors expected the\nFed may unveil another round of stimulus at the annual symposium\nof central bankers and finance ministers in Jackson Hole,\nWyoming. Bernanke is due to deliver 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 0.5 percent on the day at $1,671.56\nan ounce by 11:49 a.m. EDT (1549 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 were\ndown $1.30 an ounce at $1,674.30, and trading volume was on\ntrack to finish below its average, preliminary Reuters data\nshowed.\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 are still weighing options and have not yet\nagreed 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 1.1 percent at\n$1,519.99 an ounce, while palladium eased 0.5 percent to $642.47\nan ounce.\n Prices at 11:49 a.m. EDT (1549 GMT) \n \n LAST NET PCT YTD\n CHG CHG CHG\n US gold 1674.30 -1.30 -0.1% 6.9%\n US silver 30.860 -0.188 -0.6% 10.5%\n US platinum 1524.90 -28.30 -1.8% 8.9%\n US palladium 645.30 -9.45 -1.4% -1.7%\n \n Gold 1671.56 7.96 0.5% 6.9%\n Silver 30.90 0.21 0.7% 11.6%\n Platinum 1519.99 -17.11 -1.1% 9.1%\n Palladium 642.47 -3.13 -0.5% -1.5%\n \n Gold Fix 1668.00 4.50 0.3% 5.9%\n Silver Fix 30.81 44.00 1.4% 9.3%\n Platinum Fix 1521.00 2.00 0.1% 10.1%\n Palladium Fix 640.00 3.00 0.5% 0.6%\n \n (Additional reporting by Amanda Cooper and Jan Harvey in\nLondon; Editing by David Gregorio)<\/pre>\n