{"id":7156,"date":"2012-01-18T20:53:55","date_gmt":"2012-01-18T18:53:55","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/precious-gold-eases-as-euro-rally-loses-traction\/"},"modified":"2012-01-18T20:53:55","modified_gmt":"2012-01-18T18:53:55","slug":"precious-gold-eases-as-euro-rally-loses-traction","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/precious-gold-eases-as-euro-rally-loses-traction\/","title":{"rendered":"PRECIOUS-Gold eases as euro rally loses traction"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Euro retreats from session high versus dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Stocks still soft ahead of talks on Greek debt<\/p>\n<p><span><\/span><\/p>\n<p>* Indian demand softens as traders digest duty hike<\/p>\n<p><span><\/span><\/p>\n<p>By Jan Harvey<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 18 (Reuters) &#8211; Gold turned lower on<br \/>\nWednesday in line with a dip in the euro from the day&#8217;s highs<br \/>\nand a decline in stock markets, as initial enthusiasm over the<br \/>\nInternational Monetary Fund&#8217;s plan to boost lending to<br \/>\nstruggling euro zone nations evaporated.<\/p>\n<p><span><\/span><\/p>\n<p>Spot gold was down 0.3 percent at $1,645.84 an ounce<br \/>\nat 1447 GMT, off a high of $1,659.21 an ounce, while U.S. gold<br \/>\nfutures for February delivery eased $8.00 an ounce to<br \/>\n$1,647.60.<\/p>\n<p><span><\/span><\/p>\n<p>The euro pared gains versus the dollar as the rally sparked<br \/>\nby the IMF plan and a Fitch&#8217;s comment that the ratings agency<br \/>\ndid not expect Italy to default ran out of steam.<\/p>\n<p><span><\/span><\/p>\n<p>Traders are awaiting the outcome of talks between Greece and<br \/>\nits creditors, as they go head to head on Wednesday amid rising<br \/>\noptimism the country can hammer out a bond swap deal to stave<br \/>\noff a painful default.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If you can move towards a long-term solution in Europe,<br \/>\nthen that is negative for gold,&#8221; said Natixis analyst Nic Brown.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Euro retreats from session high versus dollar * Stocks still soft ahead of talks on Greek debt * Indian demand softens as traders digest duty hike By Jan Harvey LONDON, Jan 18 (Reuters) &#8211; Gold turned lower on Wednesday in line with a dip in the euro from the day&#8217;s highs and a decline [&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-7156","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\/7156","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=7156"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7156\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}