{"id":16417,"date":"2012-11-05T20:32:19","date_gmt":"2012-11-05T18:32:19","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/precious-gold-recovers-from-9-week-low-ahead-of-u-s-election\/"},"modified":"2012-11-05T20:32:19","modified_gmt":"2012-11-05T18:32:19","slug":"precious-gold-recovers-from-9-week-low-ahead-of-u-s-election","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/precious-gold-recovers-from-9-week-low-ahead-of-u-s-election\/","title":{"rendered":"PRECIOUS-Gold recovers from 9-week low ahead of U.S. election"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Gold hits support after biggest 1-day drop since June<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Investors cautious ahead of neck-and-neck U.S. election<\/p>\n<p><span><\/span><\/p>\n<p>* Hong Kong&#8217;s gold shipments to China jump in September<\/p>\n<p><span><\/span><\/p>\n<p>By David Brough<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Nov 5 (Reuters) &#8211; Gold prices firmed a touch on<br \/>\nMonday after posting their biggest one-day drop since mid-June<br \/>\nin the previous session as investors took to the sidelines ahead<br \/>\nof Tuesday&#8217;s U.S. presidential election.<\/p>\n<p><span><\/span><\/p>\n<p>Gains in the metal were limited by weakness in stock markets<br \/>\nand a rise in the dollar, however, as low-risk assets rose at<br \/>\nthe start of a week in which the United States votes in a new<br \/>\npresident.<\/p>\n<p><span><\/span><\/p>\n<p>The U.S. elections will be closely watched by financial<br \/>\nmarkets, with incumbent Barack Obama seen as more supportive of<br \/>\ncontinued stimulus measures, while Republican challenger Mitt<br \/>\nRomney is expected not to favour additional easing.<\/p>\n<p><span><\/span><\/p>\n<p>A Romney team sceptical of strong Federal Reserve stimulus<br \/>\nwould be unlikely to renominate Fed chief Ben Bernanke for a<br \/>\nthird term in 2014.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Although the race is close, I think if Romney won, it would<br \/>\nbe a shock to the market,&#8221; said Mitsubishi precious metals<br \/>\nstrategist Matthew Turner.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Gold hits support after biggest 1-day drop since June * Investors cautious ahead of neck-and-neck U.S. election * Hong Kong&#8217;s gold shipments to China jump in September By David Brough LONDON, Nov 5 (Reuters) &#8211; Gold prices firmed a touch on Monday after posting their biggest one-day drop since mid-June in the previous session [&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-16417","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\/16417","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=16417"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16417\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}