{"id":7435,"date":"2012-01-27T21:13:56","date_gmt":"2012-01-27T19:13:56","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/precious-gold-set-for-biggest-rise-in-three-months-after-fed\/"},"modified":"2012-01-27T21:13:56","modified_gmt":"2012-01-27T19:13:56","slug":"precious-gold-set-for-biggest-rise-in-three-months-after-fed","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/precious-gold-set-for-biggest-rise-in-three-months-after-fed\/","title":{"rendered":"PRECIOUS-Gold set for biggest rise in three months after Fed"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Fed sets gold up for biggest weekly gain in three months<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* U.S. growth data eyed for impact on dollar<\/p>\n<p><span><\/span><\/p>\n<p>* Silver set for 20 pct rise in Dec, biggest since April<\/p>\n<p><span><\/span><\/p>\n<p>* Platinum eyes largest monthly rise since Feb 2008<\/p>\n<p> (Updates prices, adds comment)<\/p>\n<p><span><\/span><\/p>\n<p>By Jan Harvey<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 27 (Reuters) &#8211; Gold rose on Friday,<br \/>\nheading for its best weekly performance since late October after<br \/>\nthe Federal Reserve signalled its ultra-loose monetary policy<br \/>\nwould continue, keeping the dollar under pressure and the<br \/>\nopportunity cost of holding bullion low.<\/p>\n<p><span><\/span><\/p>\n<p>Silver and platinum prices were also on course for their<br \/>\nbest monthly performances in nine months and nearly four years<br \/>\nrespectively in January, tracking gains in gold, stocks and<br \/>\nother commodities.<\/p>\n<p><span><\/span><\/p>\n<p>Spot gold was up 0.5 percent at $1,727.81 an ounce at<br \/>\n1500 GMT and has risen 10 percent this month, recouping<br \/>\nDecember&#8217;s hefty losses. It is up 4.2 percent this week alone,<br \/>\nits biggest one-week gain since the week ending October 30.<\/p>\n<p><span><\/span><\/p>\n<p>The metal surged to a seven-week high just below $1,730 an<br \/>\nounce on Thursday after the Fed said it planned to keep interest<br \/>\nrates on hold until at least 2014 and signalled it would be<br \/>\nready to take further measures to stimulate the economy.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Fed sets gold up for biggest weekly gain in three months * U.S. growth data eyed for impact on dollar * Silver set for 20 pct rise in Dec, biggest since April * Platinum eyes largest monthly rise since Feb 2008 (Updates prices, adds comment) By Jan Harvey LONDON, Jan 27 (Reuters) &#8211; Gold [&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-7435","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\/7435","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=7435"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7435\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}