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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":" * Gold rebounds after biggest 1-day drop since June * Investors cautious ahead of neck-and-neck U.S. elections * Hong Kong’s gold shipments to China jump in September By Frank Tang LONDON, Nov 5 (Reuters) – Gold rose on short-covering on Monday after its previous session’s 2 percent drop, but a potential rise in the U.S. […]<\/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-16439","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\/16439","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=16439"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16439\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Gold rebounds after biggest 1-day drop since June\n * Investors cautious ahead of neck-and-neck U.S. elections\n * Hong Kong's gold shipments to China jump in September\n\n\n By Frank Tang\n LONDON, Nov 5 (Reuters) - Gold rose on short-covering on\nMonday after its previous session's 2 percent drop, but a\npotential rise in the U.S. dollar on lower expectations for the\nFederal Reserve's economic stimulus could weigh on the precious\nmetal.\n Trading volume was lighter than usual a day before the U.S.\npresidential election which will be closely watched by financial\nmarkets, with incumbent Barack Obama seen as more supportive of\neconomic stimulus measures, while Republican challenger Mitt\nRomney is expected not to favor additional easing.\n Friday's encouraging U.S. nonfarm payroll report has\nprompted many institutional investors to sell their positions in\ngold as a hedge against economic uncertainty. The metal has now\nerased all its gains after the Fed announced in September its\nlatest bond-buybacks to boost the job market.\n \"Most hedge funds that have underperformed the market will\nnot endure any short-term declines in anything for fear of\nshowing negative year end results,\" said Jeffrey Sica, chief\ninvestment officer of SICA Wealth which manages over $1 billion\nin assets.\n Spot gold was up 0.4 percent at $1,683.66 by 3:33\np.m. (2033 GMT), having earlier touched a nine-week low of\n$1,672.24. \n U.S. COMEX gold futures for December delivery settled\nup $8 at $1,683.20, with trading volume about 30 percent below\nits 250-day average, preliminary Reuters data showed.\n Silver, which tends to be more volatile than gold,\nrose 1.2 percent to $31.15 an ounce.\n Some analysts said that a Romney team which champions fiscal\nresponsibility and is sceptical of Fed stimulus would be\nunlikely to renominate Fed Chairman Ben Bernanke for a third\nterm in 2014.\n In addition to monetary policy, the elections have\nimplications for how the U.S. will deal with its so-called\nfiscal cliff, when about $600 billion in government spending\ncuts and higher taxes are set to kick in from Jan. 1.\n UBS said in a note that the outcome of a divided Congress\nand disagreement surrounding the fiscal cliff would be gold\nsupportive.\n \n CHINESE IMPORTS JUMP\n Physical bullion demand appears to have improved following\nrecent price pullbacks. Hong Kong's gold shipments to mainland\nChina jumped 23 percent on the year in September to 69.711\ntonnes as demand picked up ahead of the holiday season. Net\nexports decreased 13 percent on the year. \n As China does not publish gold trade data, the numbers from\nHong Kong - a main conduit for gold into China - help gauge\nChina's gold trade. China is gearing up to overtake India as the\nworld's top gold consumer this year.\n Among platinum group metals, platinum edged up 65\ncents to $1,537.75 and palladium fell 0.7 percent to\n$604.60. \n\n 3:33 PM EDT LAST\/ NET PCT LOW HIGH CURRENT\n SETTLE CHNG CHNG VOL\n US Gold DEC 1683.20 8.00 0.5 1672.50 1686.20 109,736\n US Silver DEC 31.128 0.271 0.9 30.655 31.250 32,503\n US Plat JAN 1542.70 -2.20 -0.1 1538.30 1553.40 5,755\n US Pall DEC 603.00 3.35 0.6 596.05 609.90 2,708\n \n Gold 1683.66 7.30 0.4 1672.24 1685.96 \n Silver 31.150 0.370 1.2 30.690 31.220\n Platinum 1537.75 0.65 0.0 1539.25 1548.25\n Palladium 604.60 -4.40 -0.7 600.00 608.50\n \n TOTAL MARKET VOLUME 30-D ATM VOLATILITY\n CURRENT 30D AVG 250D AVG CURRENT CHG\n US Gold 119,999 149,374 175,863 16.07 0.58\n US Silver 35,984 41,203 55,586 25.56 2.82\n US Platinum 5,839 11,311 9,382 18.56 -2.43\n US Palladium 2,876 3,458 4,807<\/pre>\n