{"id":239,"date":"2018-01-03T17:35:09","date_gmt":"2018-01-03T17:35:09","guid":{"rendered":"https:\/\/skyeconomynews.com\/?p=239"},"modified":"2018-01-05T17:38:09","modified_gmt":"2018-01-05T17:38:09","slug":"dollars-recovery-affecting-price-gold","status":"publish","type":"post","link":"https:\/\/skyeconomynews.com\/dollars-recovery-affecting-price-gold\/","title":{"rendered":"The Dollar\u2019s Recovery is Affecting the Price of Gold"},"content":{"rendered":"

Gold prices fell on Wednesday after rising to a three-and-a-half-month high. This was caused by the dollar starting to recover from low levels, with technical indicators pointing to a short-term correction. <\/span><\/p>\n

\u00a0<\/span>Spot gold fell by 0.4% to $1312.35 an ounce. The precious metal climbed to $1321.33 an ounce earlier in the session, the highest since September 15. There was little change in gold in US futures, which traded at $1315.60 an ounce. The dollar index, which tracks the performance of the greenback versus a group of six major currencies, rose by 0.1% to 91.964 after falling to a three-month low on Tuesday.<\/span><\/p>\n

\u00a0<\/span>The dollar suffered its biggest annual loss since 2003 last year, helping gold rise by more than 13% throughout the year. The precious metal gained $55 an ounce in the last three weeks of 2017 alone. Analysts say the mid-term future for gold looks positive. Among other precious metals, palladium fell by 0.1% to $1,090.80 an ounce, after reaching a record high of $1096.50 an ounce on Tuesday. Gold rose by 57% in 2017 and continued to rise, supported by concerns over supply shortages. Analysts predict that around 80% of the world demand for palladium will come from increased demand for gasoline-powered cars, which many consumers now prefer over diesel cars. Silver fell by 0.8% to $17.05 an ounce after climbing to a six-week high of $17.21 an ounce earlier in the session. Platinum fell 0.8% to $936.10 an ounce.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold prices fell on Wednesday after rising to a three-and-a-half-month high. This was caused by the dollar starting to recover from low levels, with technical indicators pointing to a short-term correction. \u00a0Spot gold fell by […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[62,4],"tags":[50,53,78,54,37,75],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/239"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=239"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/239\/revisions"}],"predecessor-version":[{"id":241,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/239\/revisions\/241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/240"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}