{"id":12722,"date":"2010-12-09T05:28:36","date_gmt":"2010-12-09T04:28:36","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/12722\/correction-in-gold-accelerates-as-usd-and-treasury-yields-soar\/"},"modified":"2010-12-09T05:28:36","modified_gmt":"2010-12-09T04:28:36","slug":"correction-in-gold-accelerates-as-usd-and-treasury-yields-soar","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/12722\/correction-in-gold-accelerates-as-usd-and-treasury-yields-soar\/","title":{"rendered":"Correction in Gold Accelerates as USD and Treasury Yields Soar"},"content":{"rendered":"

Gold tumbled yesterday, with the benchmark contract declining to as low as 1372.1 before recovering to 1383.2 at close. Over the past 2 days, the yellow metal has corrected almost 50% of the gains made since mid-November. Strength in US dollar and rise in Treasury yields continued to be the main reasons for the profit-taking. While the near-term outlook may lead to further decline in gold prices, we do not believe the uptrend has ended.<\/p>\n

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Originally posted here:\u00a0
\nCorrection in Gold Accelerates as USD and Treasury Yields Soar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold tumbled yesterday, with the benchmark contract declining to as low as 1372.1 before recovering to 1383.2 at close. Over the past 2 days, the yellow metal has corrected almost 50% of the gains made since mid-November. Strength in US dollar and rise in Treasury yields continued to be the main reasons for the profit-taking. While the near-term outlook may lead to further decline in gold prices, we do not believe the uptrend has ended. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12722","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=12722"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12722\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}