{"id":436194,"date":"2013-12-04T22:03:38","date_gmt":"2013-12-04T18:03:38","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=436194"},"modified":"2013-12-04T22:03:38","modified_gmt":"2013-12-04T18:03:38","slug":"sudden-rise-for-gold-by-purchases-to-cover-positions","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2013\/12\/04\/sudden-rise-for-gold-by-purchases-to-cover-positions\/","title":{"rendered":"Sudden rise for gold by purchases to cover positions"},"content":{"rendered":"<figure id=\"attachment_436195\" aria-describedby=\"caption-attachment-436195\" style=\"width: 300px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/12\/543534.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-436195\" alt=\"Sudden rise for gold by purchases to cover positions\" src=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/12\/543534-300x147.jpg\" width=\"300\" height=\"147\" \/><\/a><figcaption id=\"caption-attachment-436195\" class=\"wp-caption-text\">Sudden rise for gold by purchases to cover positions<\/figcaption><\/figure>\n<p>The price of gold has risen about 2 percent on Wednesday , its biggest daily rise in more than a month after he overwhelmed cover to the Centers for selling and buying of new investment funds on fears of approaching the Fed to reduce its asset purchase program .<\/p>\n<p>After coming off 1 % to its lowest level in five months earlier in the session , the precious metal jumped $ 25 during the middle of New York trading , breaking through and for a short time the level of $ 1,250 an ounce , despite the report of better -than-expected U.S. private sector jobs .<\/p>\n<p>Said James Steel, chief analyst for precious metals at HSBC , &#8221; We think that the combination of the coverage centers and buying hedge funds may have helped in the rise of the metal market report after private-sector jobs .&#8221;<\/p>\n<p>Was trading more than 32,000 contracts, within 40 minutes , which represents five trading Thursday , according to Reuters data showed .<\/p>\n<p>Gold rose in online transactions 1.6 % to U.S. $ 1,243 by the time of the Aouka 21:16 GMT, after penetrating the average move in 14 days and reached U.S. $ 1,250,30 .<\/p>\n<p>Earlier in the session , gold fell to 1,211 dollars an ounce, the lowest level in five months .<\/p>\n<p>Analysts said that the report of private sector jobs open the door to start the Fed to reduce its purchases of bonds during the next few months .<\/p>\n<p>Said Jonathan Two husbands , a trader optional contracts for gold Stock Exchange Comics , &#8220;It&#8217;s a new financial year for commodity funds , which returns to the market in conditions of oversold .&#8221;<\/p>\n<p>Most commodity funds begins its fiscal year in early December<\/p>\n<p>Investors are awaiting the U.S. GDP on Thursday and non-farm payrolls report on Friday before the next meeting of the Federal Reserve on 17 and December 1.<\/p>\n<p>Among other precious metals , silver outperformed gold to rise 3.6 % to 19.80 dollars an ounce .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of gold has risen about 2 percent on Wednesday , its biggest daily rise in more than a month after he overwhelmed cover to the Centers for selling and buying of new investment funds on fears of approaching the Fed to reduce its asset purchase program . After coming off 1 % to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":436195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-436194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=436194"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/436195"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=436194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=436194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=436194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}