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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":" * Bullion’s four-week rally first since January * Gold could see resistance at major highs $1,790, 1,802 * S.African mine labor strife adds support to platinum * Coming up: U.S. New York State manufacturing index Monday (Recasts, updates comments, market activity) By Frank Tang NEW YORK, Sept 14 (Reuters) – Gold edged up on Friday, […]<\/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-14638","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\/14638","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=14638"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Bullion's four-week rally first since January\n * Gold could see resistance at major highs $1,790, 1,802\n * S.African mine labor strife adds support to platinum\n * Coming up: U.S. New York State manufacturing index Monday\n\n (Recasts, updates comments, market activity)\n By Frank Tang\n NEW YORK, Sept 14 (Reuters) - Gold edged up on Friday,\nextending the previous session's 2 percent rally to hit a\nsix-month high after the U.S. Federal Reserve unleashed another\nround of bullion-friendly stimulus. \n Platinum group metals gained sharply on supply worries due\nto unrest among South African miners and a better demand outlook\na day after the Fed pledged to pump $40 billion monthly into the\nU.S. economy until it saw a sustained upturn in the jobs market.\n Investors looking to gold as a traditional inflation hedge\nagainst monetary stimulus by central banks around the world\npushed bullion up for a fourth straight week for the first time\nsince January.\n \"For gold prices to have extended gains even further,\nwithout the usual 'buy the rumor, sell the fact' pullback, is\nimpressive,\" said James Steel, metals analyst at HSBC.\n Steel said that gold's rally is likely to be sustained by\nthe open-ended nature of the Fed's latest bond-buying program. \n Spot gold was up 0.2 percent to $1,770.20 an ounce by\n3:04 p.m. (1904 GMT) after climbing to an intraday high of\n$1,777.51, its loftiest since Feb. 29. \n U.S. COMEX gold futures for December delivery settled\nup 60 cents at $1,772.70 an ounce, with trading volume higher\nthan average for a second straight day, preliminary Reuters data\nshowed.\n Sentiment in COMEX gold options was positive for a second\nstraight day, and funds have been buying gold call options and\nother bullish plays throughout the session, said COMEX gold\noptions floor trader Jonathan Jossen.\n \n OUTLOOK MIXED \n Analysts differed on whether gold could keep up the\nblistering rally.\n \"When multiple major central banks are coordinating their\neffort in printing more money and engaging in stimulus measures,\n that has to be overtly bullish for gold,\" said Adam Sarhan,\nchief executive of Sarhan Capital.\n The European Central Bank has unveiled an aggressive plan to\ntackle the three-year old euro zone debt crisis, while China's\nPremier Wen Jiabao said this week the government could utilize a\nmassive fiscal stability fund to boost growth. \n UBS gold strategist Edel Tully said that gold is due to\nencounter stiff resistance at an area between $1,790 and $1,803,\nthe metal's highs from February and November.\n Reuters data shows asset performance has tended to diminish\nwith each new round of quantitative easing, or QE, from the Fed,\nand that it sometimes takes as long as a year for the effects of\nFed action to kick in.\n \n \n \n Among other precious metals, silver was down 0.2\npercent at $34.58 an ounce. Platinum gained 1.7 percent\nto $1,705.25, while palladium was up 1.5 percent at\n$693.97 an ounce. \n Platinum posted an 8 percent rise on the week, its biggest\nweekly gain since last October, due to supply fears caused by\nmine labor unrest in South Africa, which is estimated to own 80\npercent of the world's platinum reserves.\n \n 3:04 PM EDT LAST\/ NET PCT LOW HIGH CURRENT\n SETTLE CHNG CHNG VOL\n US Gold DEC 1772.70 0.60 0.0 1767.70 1780.20 166,127\n US Silver DEC 34.656 -0.122 -0.4 34.320 34.985 50,130\n US Plat OCT 1713.70 34.20 2.0 1680.00 1716.50 15,358\n US Pall DEC 699.30 10.30 1.5 686.25 705.80 5,281\n \n Gold 1770.20 3.91 0.2 1765.76 1777.51 \n Silver 34.580 -0.060 -0.2 34.330 34.920\n Platinum 1705.25 28.55 1.7 1682.90 1714.00\n Palladium 693.97 10.07 1.5 688.77 702.75\n \n TOTAL MARKET VOLUME 30-D ATM VOLATILITY\n CURRENT 30D AVG 250D AVG CURRENT CHG\n US Gold 177,766 133,535 183,337 18.16 -1.30\n US Silver 52,415 54,258 53,332 33.96 -1.36\n US Platinum 16,920 16,462 9,274 25.1 2.77\n US Palladium 5,584 7,864 4,643 \n \n \n\n (Additional reporting by Eric Onstad, Rujun Shen in Singapore\nand Veronica Brown in London; Editing by David Gregorio and Jim\nMarshall)<\/pre>\n