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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":" * Investors take breather after recent strong rally * US COMEX futures open interest highest in one year * Bullish “golden cross” on charts signals better momentum (New details throughout, changes byline, dateline previously LONDON) By Frank Tang NEW YORK, Sept 20 (Reuters) – Gold ended nearly flat on Thursday as the market paused after […]<\/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-14830","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\/14830","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=14830"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14830\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Investors take breather after recent strong rally\n * US COMEX futures open interest highest in one year\n * Bullish \"golden cross\" on charts signals better momentum\n\n (New details throughout, changes byline, dateline previously\nLONDON)\n By Frank Tang\n NEW YORK, Sept 20 (Reuters) - Gold ended nearly flat on\nThursday as the market paused after its recent sharp rally,\nwhile a key technical-chart formation suggests momentum is\nturning increasing bullish.\n Even though the metal's price was little changed for a\nsecond consecutive day, open interest in U.S. gold futures rose\nto a one-year high, a sign that volatility could spike after an\noption expiration next week.\n On Thursday, the metal traded in a relatively narrow $20\nrange, largely tracking a flat U.S. equities market. Bullion\ninvestors held their bets after the metal's strong gains that\nfollowed new monetary stimulus by central banks around the\nworld.\n Spot gold was down 0.1 percent at $1,767.90 an ounce\nby 3:58 p.m. EDT (1958 GMT).\n U.S. COMEX gold futures for December delivery settled\ndown $1.50 an ounce at $1,770.20, with trading volume in line\nwith its 30-day average, preliminary Reuters data showed.\n COMEX futures' open interest, which measures the total\noutstanding long and short contracts, rose to a one-year high at\n481,999 lots as of Wednesday. \n \"This could lead to greater volatility at the end of next\nweek after (COMEX) option expiration as there are now many new\nlongs at high prices anxiously watching signs from other\nmarkets,\" said George Gero, vice president of RBC Capital\nMarkets.\n Open interest of U.S. gold futures has gained about 25\npercent in the past 30 days.\n Gold has gained nearly $200, or 10 percent, in the past four\nweeks. A new round of bond buying by the U.S. Federal Reserve\nlast week and loose monetary policies from other major central\nbanks have rekindled the metal's appeal as a traditional\ninflation hedge.\n \n TECHNICAL OUTLOOK BRIGHT\n A \"golden cross\" formed on spot gold's price chart gives\nbullion investors another reason to increase their bullish bets.\n On Thursday, gold's 50-day moving average (DMA) traded above\nits 200 DMA, which marked a golden cross in technical analysis,\nindicating bullion's intermediate and longer-term momentum is\ngetting increasingly bullish.\n(Golden cross graphic: r.reuters.com\/tas72t<\/a>)\n \"Given shorter-term moving averages have all turned higher\nin recent weeks and the bullish price action recently, this\ngolden cross today is an additional indicator of strength in an\nalready strong market,\" said Adam Sarhan, chief executive of\nSarhan Capital.\n Among other precious metals, silver edged up 0.1\npercent at $34.60 an ounce, while spot palladium was down\n0.9 percent at $660.47 an ounce.\n Spot platinum fell 0.6 percent to $1,622.49 an ounce.\nThe metal has fallen by more than 5 percent this week, on track\nfor its biggest weekly drop since December, as strike action at\nNo. 3 platinum miner Lonmin's Marikana mine in South\nAfrica wound down. \n 3:58 PM EDT LAST\/ NET PCT LOW HIGH CURRENT\n SETTLE CHNG CHNG VOL\n US Gold DEC 1770.20 -1.50 -0.1 1757.70 1774.90 135,193\n US Silver DEC 34.682 0.094 0.3 34.120 34.800 45,491\n US Plat OCT 1623.90 -16.50 -1.0 1596.00 1641.80 17,054\n US Pall DEC 661.10 -11.95 -1.8 657.00 672.75 4,936\n \n Gold 1767.90 -1.29 -0.1 1756.70 1771.89 \n Silver 34.600 0.030 0.1 34.120 34.740\n Platinum 1622.49 -10.01 -0.6 1599.75 1637.00\n Palladium 660.47 -6.33 -0.9 659.50 669.00\n \n TOTAL MARKET VOLUME 30-D ATM VOLATILITY\n CURRENT 30D AVG 250D AVG CURRENT CHG\n US Gold 144,471 143,482 183,540 17.31 -0.25\n US Silver 47,734 57,795 53,682 30.69 -0.36\n US Platinum 22,912 18,134 9,341 23.46 -0.97\n US Palladium 5,197 8,301 4,657 \n \n \n (Additional reporting by Jan Harvey and Amanda Cooper in\nLondon; Editing by Bob Burgdorfer)<\/pre>\n