{"id":436227,"date":"2013-12-21T02:02:39","date_gmt":"2013-12-20T22:02:39","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=436227"},"modified":"2013-12-21T02:02:39","modified_gmt":"2013-12-20T22:02:39","slug":"gold-ended-higher-but-is-moving-towards-recording-the-largest-annual-loss-in-32-years","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2013\/12\/21\/gold-ended-higher-but-is-moving-towards-recording-the-largest-annual-loss-in-32-years\/","title":{"rendered":"Gold ended higher but is moving towards recording the largest annual loss in 32 years"},"content":{"rendered":"<p><a href=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/12\/gold.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-436228\" alt=\"Gold ended higher but is moving towards recording the largest annual loss in 32 years\" src=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/12\/gold-300x206.jpg\" width=\"300\" height=\"206\" \/><\/a><\/p>\n<p>Gold recovered from initial losses on Friday , which plunged him to the lowest level in six months , after receiving support from purchases to cover short positions , but still heading towards recording the largest annual loss in 32 years.<\/p>\n<p>The damage to the precious metal from the Federal Reserve&#8217;s decision to start reducing the extensive program for the purchase of assets and expectations decrease the deficit in the budget of the U.S. government .<\/p>\n<p>The U.S. central bank&#8217;s decision to the beginning of the end of an era of monetary easing helped gold to climb to its highest level ever at 1920.30 dollars per ounce in 2011 .<\/p>\n<p>And displays the precious metal &#8211; a tool traditionally a hedge against inflation &#8211; a strong selling pressure after reaching the U.S. Congress to agree to the budget of a two-year earlier this week , a deal that would ease the cuts automatically in spending and reduce the risk of government stops working.<\/p>\n<p>The price of gold fell to the cash sale earlier in the session to 1185.10 dollars an ounce , its lowest level since June and just shy of its weakest level in three and a half years in which his record June 28.<\/p>\n<p>But recovered later in the session to climb to 1202.56 dollars an ounce in late trading in the U.S. market supported by purchases to cover short positions and actual purchases .<\/p>\n<p>The futures closed the U.S. gold for February delivery high 10.10 dollars to 1203.70 dollars an ounce .<\/p>\n<p>And end the week, gold prices low and about 3 percent , down about 28 percent from its level at the beginning of the year. And moving toward ending the series yearly gains lasted 12 years.<\/p>\n<p>Among other precious metals , silver rose for immediate sale 0.8 percent to 19.39 dollars an ounce , while platinum jumped 1.1 percent to 1329.75 dollars an ounce and palladium rose 0.2 percent to $ 695 an ounce<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold recovered from initial losses on Friday , which plunged him to the lowest level in six months , after receiving support from purchases to cover short positions , but still heading towards recording the largest annual loss in 32 years. The damage to the precious metal from the Federal Reserve&#8217;s decision to start reducing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":436228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-436227","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\/436227","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=436227"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/436228"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=436227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=436227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=436227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}