{"id":15967,"date":"2012-10-29T20:09:42","date_gmt":"2012-10-29T18:09:42","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/corrected-precious-gold-holds-near-1710-on-global-growth-concerns\/"},"modified":"2012-10-29T20:09:42","modified_gmt":"2012-10-29T18:09:42","slug":"corrected-precious-gold-holds-near-1710-on-global-growth-concerns","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/corrected-precious-gold-holds-near-1710-on-global-growth-concerns\/","title":{"rendered":"CORRECTED-PRECIOUS-Gold holds near $1,710 on global growth concerns"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Corrects platinum price drop linked to erroneous data feed)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Resilience above $1,700\/oz reassures investors<\/p>\n<p><span><\/span><\/p>\n<p>* Drop in stocks, commodities exerts some pressure<\/p>\n<p><span><\/span><\/p>\n<p>* Markets brace for impact of Hurricane Sandy<\/p>\n<p><span><\/span><\/p>\n<p>By David Brough<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 29 (Reuters) &#8211; Gold prices held near $1,710 an<br \/>\nounce on Monday as concerns over the global growth outlook<br \/>\nsupported demand for the metal as a store of value, but losses<br \/>\nin the broader financial markets kept a lid on gains.<\/p>\n<p><span><\/span><\/p>\n<p>Resilience above $1,700 an ounce, a level gold repeatedly<br \/>\ntested last week, has reassured buyers who had feared a deeper<br \/>\ncorrection after it fell to a more than six-week low at<br \/>\n$1,698.39 on Oct. 24, analysts said.<\/p>\n<p><span><\/span><\/p>\n<p>But the metal struggled for traction on Monday as global<br \/>\nstock and commodity prices fell, with a recent run of downbeat<br \/>\ncorporate earnings casting a shadow over the growth outlook and<br \/>\ninvestors bracing for the impact of a giant U.S. hurricane.<\/p>\n<p><span><\/span><\/p>\n<p>U.S. stock markets will be closed on Monday and possibly<br \/>\nTuesday, the operator of the New York Stock Exchange said, as<br \/>\nthe East Coast braces for Hurricane Sandy. That could thin gold<br \/>\ntrade.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Corrects platinum price drop linked to erroneous data feed) * Resilience above $1,700\/oz reassures investors * Drop in stocks, commodities exerts some pressure * Markets brace for impact of Hurricane Sandy By David Brough LONDON, Oct 29 (Reuters) &#8211; Gold prices held near $1,710 an ounce on Monday as concerns over the global growth outlook [&hellip;]<\/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-15967","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\/15967","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=15967"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15967\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}