{"id":15244,"date":"2011-10-27T08:44:43","date_gmt":"2011-10-27T06:44:43","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15244\/price-of-gold-breaks-back-through-1700-an-ounce\/"},"modified":"2011-10-27T08:44:43","modified_gmt":"2011-10-27T06:44:43","slug":"price-of-gold-breaks-back-through-1700-an-ounce","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15244\/price-of-gold-breaks-back-through-1700-an-ounce\/","title":{"rendered":"Price of gold breaks back through $1700 an ounce"},"content":{"rendered":"

The price of gold climbed to one month high this morning at $1728 an ounce as uncertainty surrounding the European debt crisis kept gold bullion in demand with investors and traders.<\/p>\n

Gold rose above $1700 for the first time in a month on earlier on Tuesday, propelled by the gloomiest US consumer sentiment data in over 2 years. On Tuesday, gold futures also posted their biggest turnover in a week at nearly 200,000 lots.<\/p>\n

Meanwhile, gold futures rose to their highest in more than a month on early this morning after European leaders agreed on a plan to contain the region’s debt crisis, lifting sentiment in the financial markets, while a weaker US dollar helped push commodity prices higher.<\/p>\n

Euro leaders reached agreement on a comprehensive package of measures to tackle the bloc’s debt crisis after an EU summit that ran into the early hours of Thursday, spurring the euro to a seven week high against the US dollar.<\/p>\n

Gold rose in tandem with other commodities and equities, with cash prices hitting a one-month high of $1,728.11 an ounce, before easing to $1,722.49 by 0320 GMT, on course for its fifth straight session of gains.<\/p>\n

US gold futures, which also hit a one month high of $1,729.7, traded nearly flat at $1,724.60.<\/p>\n

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See the rest here:\u00a0
\nPrice of gold breaks back through $1700 an ounce<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of gold climbed to one month high this morning at $1728 an ounce as uncertainty surrounding the European debt crisis kept gold bullion in demand with investors and traders. Gold rose above $1700 for the first time in a month on earlier on Tuesday, propelled by the gloomiest US consumer sentiment data in over 2 years. On Tuesday, gold futures also posted their biggest turnover in a week at nearly 200,000 lots. Meanwhile, gold futures rose to their highest in more than a month on early this morning after European leaders agreed on a plan to contain the region’s debt crisis, lifting sentiment in the financial markets, while a weaker US dollar helped push commodity prices higher. Euro leaders reached agreement on a comprehensive package of measures to tackle the bloc’s debt crisis after an EU summit that ran into the early hours of Thursday, spurring the euro to a seven week high against the US dollar. Gold rose in tandem with other commodities and equities, with cash prices hitting a one-month high of $1,728.11 an ounce, before easing to $1,722.49 by 0320 GMT, on course for its fifth straight session of gains. US gold futures, which also hit a one month high of $1,729.7, traded nearly flat at $1,724.60. <\/p>\n","protected":false},"author":9,"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-15244","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\/15244","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=15244"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15244\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}