{"id":16484,"date":"2012-11-07T20:39:34","date_gmt":"2012-11-07T18:39:34","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/precious-gold-turns-lower-dollar-bounces-back-on-fiscal-concern\/"},"modified":"2012-11-07T20:39:34","modified_gmt":"2012-11-07T18:39:34","slug":"precious-gold-turns-lower-dollar-bounces-back-on-fiscal-concern","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/precious-gold-turns-lower-dollar-bounces-back-on-fiscal-concern\/","title":{"rendered":"PRECIOUS-Gold turns lower; dollar bounces back on fiscal concern"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Obama seen continuing with economic stimulus<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Attention shifts to resolving U.S. &#8220;fiscal cliff&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>* Indian gold imports slow<\/p>\n<p><span><\/span><\/p>\n<p>By David Brough<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Nov 7 (Reuters) &#8211; Gold&#8217;s rally to two week highs<br \/>\nafter U.S. President Barack Obama&#8217;s re-election fizzled out on<br \/>\nWednesday, with the dollar seen as a safe-haven as investor<br \/>\nfocus shifted quickly to U.S. fiscal woes.<\/p>\n<p><span><\/span><\/p>\n<p>Rallying with world shares, gold jumped to around<br \/>\n$1,731 an ounce, its strongest since Oct 23, but later lost<br \/>\ntraction as the dollar built momentum to last stand at $1,713.14<br \/>\nat 1530 GMT, down 0.1 percent on the day. U.S. gold for December<br \/>\n was down 60 cents at $1,714.40.<\/p>\n<p><span><\/span><\/p>\n<p>The market is well below a record high around $1,920 struck<br \/>\nin September last year.<\/p>\n<p><span><\/span><\/p>\n<p>Obama won a second term in the White House, overcoming deep<br \/>\ndoubts among voters about his handling of the U.S. economy to<br \/>\nscore a clear victory over Republican challenger Mitt Romney.<\/p>\n<p><span><\/span><\/p>\n<p>Gold had rallied to an 11-month high above $1,795 an ounce<br \/>\non Oct. 5 after the U.S. Federal Reserve announced a third round<br \/>\nof aggressive economic stimulus in September.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Obama seen continuing with economic stimulus * Attention shifts to resolving U.S. &#8220;fiscal cliff&#8221; * Indian gold imports slow By David Brough LONDON, Nov 7 (Reuters) &#8211; Gold&#8217;s rally to two week highs after U.S. President Barack Obama&#8217;s re-election fizzled out on Wednesday, with the dollar seen as a safe-haven as investor focus shifted [&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-16484","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\/16484","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=16484"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16484\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}