{"id":16034,"date":"2012-10-31T20:18:27","date_gmt":"2012-10-31T18:18:27","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/precious-gold-firms-as-wall-street-re-opens-set-for-monthly-dip\/"},"modified":"2012-10-31T20:18:27","modified_gmt":"2012-10-31T18:18:27","slug":"precious-gold-firms-as-wall-street-re-opens-set-for-monthly-dip","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/precious-gold-firms-as-wall-street-re-opens-set-for-monthly-dip\/","title":{"rendered":"PRECIOUS-Gold firms as Wall Street re-opens; set for monthly dip"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks edge up as Wall Street reopens after two days<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Traders focus on Friday&#8217;s U.S. non-farm payrolls<\/p>\n<p><span><\/span><\/p>\n<p>* Gold importers in India await lower prices<\/p>\n<p><span><\/span><\/p>\n<p>By David Brough and Jan Harvey<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 31 (Reuters) &#8211; Gold prices rose nearly 1 percent<br \/>\nto their highest in a week on Wednesday as stock markets firmed<br \/>\nas the New York financial markets re-opened, but were on track<br \/>\nto end a four-month winning streak as October drew to a close.<\/p>\n<p><span><\/span><\/p>\n<p>Prices broke back above $1,720 an ounce as U.S. traders<br \/>\nreturned to their screens after a two-day closure following a<br \/>\nstorm that battered the U.S. east coast.<\/p>\n<p><span><\/span><\/p>\n<p>Spot gold was at $1,723.60 at 1149 GMT, up 0.9<br \/>\npercent, while U.S. gold futures for December rose<br \/>\n$11.90 to $1,724.00. The metal remains on course for a monthly<br \/>\ndrop of nearly 3 percent, its first one-month decline since May.<\/p>\n<p><span><\/span><\/p>\n<p>Gold hit an 11-month high above $1,795 on Oct. 5 after the<br \/>\nFederal Reserve unveiled new measures to boost the U.S. economy.<br \/>\nStimulus measures are seen as gold-friendly, as they stoke<br \/>\ninflation concerns while maintaining pressure on interest rates.<\/p>\n<p><span><\/span><\/p>\n<p>However gold retreated in line with other nominally<br \/>\nhigher-risk assets such as stocks and other commodities later in<br \/>\nthe month, as euphoria from the move petered out, with<br \/>\nconfidence in its rally dented by a failure to break $1,800 an<br \/>\nounce.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks edge up as Wall Street reopens after two days * Traders focus on Friday&#8217;s U.S. non-farm payrolls * Gold importers in India await lower prices By David Brough and Jan Harvey LONDON, Oct 31 (Reuters) &#8211; Gold prices rose nearly 1 percent to their highest in a week on Wednesday as stock markets [&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-16034","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\/16034","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=16034"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16034\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}