{"id":12862,"date":"2010-12-28T12:33:49","date_gmt":"2010-12-28T11:33:49","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/12862\/gold-higher-as-usd-slumps-ahead-of-bond-auction-housing-data\/"},"modified":"2010-12-28T12:33:49","modified_gmt":"2010-12-28T11:33:49","slug":"gold-higher-as-usd-slumps-ahead-of-bond-auction-housing-data","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/12862\/gold-higher-as-usd-slumps-ahead-of-bond-auction-housing-data\/","title":{"rendered":"Gold Higher as USD Slumps Ahead of Bond Auction, Housing Data"},"content":{"rendered":"

USD slumped in European session as investors await US bond auctions later today. Sale of 2-year Treasury securities was well-received yesterday and this triggered yields to fall. Gold rallied as a result of USD's weakness. Indeed, the following chart shows that gold has inverse correlation with interest rates - rising when rates fall. The market also worried about release of S&P\/Case-Shiller Composite-20 housing price which probably contracted -0.18% m\/m in October after rising +0.59% in the prior month. Crude oil changed little from yesterday's close but price stayed at elevated level of 91.15.<\/p>\n

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\nGold Higher as USD Slumps Ahead of Bond Auction, Housing Data<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

USD slumped in European session as investors await US bond auctions later today. Sale of 2-year Treasury securities was well-received yesterday and this triggered yields to fall. Gold rallied as a result of USD's weakness. Indeed, the following chart shows that gold has inverse correlation with interest rates - rising when rates fall. The market also worried about release of S&P\/Case-Shiller Composite-20 housing price which probably contracted -0.18% m\/m in October after rising +0.59% in the prior month. Crude oil changed little from yesterday's close but price stayed at elevated level of 91.15. <\/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-12862","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\/12862","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=12862"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12862\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}