{"id":16525,"date":"2012-11-08T20:43:27","date_gmt":"2012-11-08T18:43:27","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/precious-gold-holds-near-1715oz-focus-on-euro-zone\/"},"modified":"2012-11-08T20:43:27","modified_gmt":"2012-11-08T18:43:27","slug":"precious-gold-holds-near-1715oz-focus-on-euro-zone","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/precious-gold-holds-near-1715oz-focus-on-euro-zone\/","title":{"rendered":"PRECIOUS-Gold holds near $1,715\/oz, focus on euro zone"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Worries over U.S. &#8220;fiscal cliff&#8221; support gold<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* China seen surpassing India as top gold consumer<\/p>\n<p><span><\/span><\/p>\n<p>* South African platinum output falls 17.8 pct in Sept<\/p>\n<p><span><\/span><\/p>\n<p>By David Brough<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Nov 8 (Reuters) &#8211; Gold prices held near $1,715 an<br \/>\nounce on Thursday as investors&#8217; focus shifted from President<br \/>\nBarack Obama&#8217;s re-election to U.S. fiscal woes and the euro zone<br \/>\ndebt crisis, which pressured the euro to a two-month low against<br \/>\nthe dollar.<\/p>\n<p><span><\/span><\/p>\n<p>Worries about the fiscal cliff are supportive of safe-haven<br \/>\ngold, but a strong dollar offset upward pressure on prices by<br \/>\nmaking it more expensive for buyers holding other currencies.<\/p>\n<p><span><\/span><\/p>\n<p>Spot gold was at $1,717.86 an ounce by 1443 GMT, up<br \/>\n0.09 percent, while U.S. gold edged up 0.23 percent to<br \/>\n$1,718.00.<\/p>\n<p><span><\/span><\/p>\n<p>Gold prices hit a 2-1\/2 week high at $1,731.40 an ounce on<br \/>\nWednesday after Obama&#8217;s re-election gave markets a boost by<br \/>\nending weeks of political uncertainty, but they have struggled<br \/>\nto maintain those gains.<\/p>\n<p><span><\/span><\/p>\n<p>In the longer term, gold is likely to benefit from<br \/>\nuncertainty over the looming &#8220;fiscal cliff&#8221; when nearly $600<br \/>\nbillion worth of spending cuts and tax increases kick in with<br \/>\nthe risk of pushing the U.S. economy into deep recession.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Worries over U.S. &#8220;fiscal cliff&#8221; support gold * China seen surpassing India as top gold consumer * South African platinum output falls 17.8 pct in Sept By David Brough LONDON, Nov 8 (Reuters) &#8211; Gold prices held near $1,715 an ounce on Thursday as investors&#8217; focus shifted from President Barack Obama&#8217;s re-election to U.S. [&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-16525","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\/16525","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=16525"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16525\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}