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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":" * Hurricane Sandy hits U.S. East Coast * U.S. stock markets shut through Tuesday * CME Globex electronic trading remains open * Coming up: Bank of Japan monetary policy meeting Tuesday By Frank Tang NEW YORK, Oct 29 (Reuters) – Gold edged lower on Monday on worries about the global economy, and trading was far […]<\/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-15990","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\/15990","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=15990"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15990\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Hurricane Sandy hits U.S. East Coast\n * U.S. stock markets shut through Tuesday\n * CME Globex electronic trading remains open\n * Coming up: Bank of Japan monetary policy meeting Tuesday\n\n\n By Frank Tang\n NEW YORK, Oct 29 (Reuters) - Gold edged lower on Monday on\nworries about the global economy, and trading was far below\nnormal as a monster hurricane began battering the U.S. East\nCoast and exchanges were shut in New York.\n CME Group Inc. closed the COMEX\/NYMEX trading floor\nwhile keeping its Globex electronic platform running.\n Last week, gold declined for the third straight week due to\na string of lackluster U.S. economic data and uncertainty over\nthe future of U.S. Federal Reserve stimulus. It was gold's first\nthree-week decline in more than a year. \n Hurricane Sandy, which forecasters said could be the largest\nto hit the mainland in U.S. history, led to the first\nweather-related shutdown of U.S. stock markets in 27 years. Wall\nStreet will remain shut through Tuesday. \n Bullion could stay rangebound in the near term due\nuncertainty about the outcome of the Nov. 6 U.S. elections, with\nmost polls showing a deadlock between President Barack Obama and\nRepublican challenger Mitt Romney. \n \"Trading desks will be lightly staffed due to the massive\nstorm...and the fact that the polls remain tight will likely\ndiscourage investors from taking a definitive view on the\nprecious metals group for the next few days,\" Edward Meir,\nmetals analyst at brokerage INTL FCStone. \n Spot gold was down 0.2 percent at $1,708.06 an ounce\nby 1:49 p.m. EDT (1749 GMT). \n U.S. gold futures for December delivery settled down\n$3.20 an ounce at $1,708.70, with trading volume at only\none-third of its 30-day average, preliminary Reuters data\nshowed.\n Other than light trading volume, the gold market largely\nignored Hurricane Sandy, which was expected to wreak havoc for\n50 million people from the Mid-Atlantic to Canada in her path.\n \"Gold is a 'safe-haven' for economic and political\nevents. Weather has virtually nothing to do with gold,\" said\nBill O'Neill, partner at commodities investment firm LOGIC\nAdvisors. \n Analysts and traders said they expected gold to trade in a\nnarrow range due to uncertainty ahead of Friday U.S. non-farm\npayrolls. The Fed has explicitly tied the extent of its latest\nbuyback of mortgage bond-buybacks to the jobs market recovery.\n The U.S. Department of Labor said on Monday it intended to\nrelease its jobs data on Friday which might now be delayed\nbecause of the massive storm.\n Spot gold is heading for its biggest monthly loss since May\nthis month, having hit an 11-month peak above $1,795 an ounce on\nOct. 5 based on optimism after the Fed's latest easing program.\n \n US FISCAL CLIFF IN FOCUS\n Investors are also awaiting the U.S. elections and the\nso-called \"fiscal cliff\", a series of automatic spending cuts\nand tax increases that will kick in if Congress fails to reach a\ndeficit-reduction deal by the end of the year.\n In physical markets, gold importers in India, the world's\nbiggest buyer, are retreating after picking up bargains last\nweek as prices recovered from a more than two-month low due to\nthe falling rupee. \n Among other precious metals, silver fell 1 percent to\n$31.73 an ounce, platinum was down 0.5 percent at\n$1,530.74 an ounce, and palladium edged down 0.8 percent\nat $587.72 an ounce.\n 1:49 PM EDT LAST\/ NET PCT LOW HIGH CURRENT\n SETTLE CHNG CHNG VOL\n US Gold DEC 1708.70 -3.20 -0.2 1706.20 1717.80 52,984\n US Silver DEC 31.745 -0.291 -0.9 31.680 32.230 15,386\n US Plat JAN 1533.90 -12.10 -0.8 1531.10 1560.00 5,243\n US Pall DEC 589.75 -5.65 -0.9 586.95 601.80 2,201\n \n Gold 1708.06 -2.68 -0.2 1706.45 1716.96 \n Silver 31.730 -0.320 -1.0 31.690 32.190\n Platinum 1530.74 -8.36 -0.5 1532.60 1555.00\n Palladium 587.72 -4.98 -0.8 590.00 600.00\n \n TOTAL MARKET VOLUME 30-D ATM VOLATILITY\n CURRENT 30D AVG 250D AVG CURRENT CHG\n US Gold 55,501 158,567 173,827 15.28 -0.31\n US Silver 16,684 45,340 56,232 23.45 -0.44\n US Platinum 5,377 13,879 9,735 21.81 -0.19\n US Palladium 2,304 3,883 4,782<\/pre>\n