{"id":294,"date":"2018-01-18T10:01:57","date_gmt":"2018-01-18T10:01:57","guid":{"rendered":"https:\/\/skyeconomynews.com\/?p=294"},"modified":"2018-01-20T10:03:38","modified_gmt":"2018-01-20T10:03:38","slug":"gold-falls-following-strong-economic-data-showing-dollar-gains","status":"publish","type":"post","link":"https:\/\/skyeconomynews.com\/gold-falls-following-strong-economic-data-showing-dollar-gains\/","title":{"rendered":"Gold Falls Following Strong Economic Data Showing Dollar Gains"},"content":{"rendered":"

The prices of gold fell on Thursday to almost a week\u2019s low, as the dollar rose from a three-year low after release of US economic data turned out to be better than expected. <\/span><\/p>\n

\u00a0<\/span>Gold fell by 0.1%, trading at $1.326 an ounce, its worst one-day decline since Dec. 7. US gold futures fell by 0.9%, hitting the price of $1.326 an ounce.<\/span><\/p>\n

\u00a0<\/span>Gold looks well supported at $1.325 per ounce, and we can expect a lot of buying interest at the $1.300 barrier. Analysts claim that the first resistance level over four months should be between $1.344 and $1.350. Industrial production in the United States rose above expectations in December due to the cold weather boosting demand for heating, hinting to a moderate growth in the industrial sector.<\/span><\/p>\n

\u00a0<\/span>Market experts believe that the gold\u2019s $1.326 per ounce barrier could push prices to test. Analysts also pointed out that a correction in the digital currency markets could support the price of gold. Bitcoin\u2019s value has fallen by more than 10%, reaching a price of less than $10,000 for the first time since December 1. Recently, the world’s most popular digital currency has lost more than half of its value after peaking close to $20,000.<\/span><\/p>\n

\u00a0<\/span>Meanwhile, the dollar index rose against a basket of six major currencies by 0.33%, trading at 90.84 points, after reaching a barrier of 90.11 points on Wednesday, the lowest level since December 31, 2014.<\/span><\/p>\n

\u00a0<\/span>In other precious metals news, silver was up by 0.1%, at $99.16 an ounce, while palladium fell by 0.4%, trading at $1.110 an ounce. Platinum fell by 0.1%, hitting $ 996.20 an ounce, after reaching its highest level since September 8 in the previous session, trading at $1.006.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The prices of gold fell on Thursday to almost a week\u2019s low, as the dollar rose from a three-year low after release of US economic data turned out to be better than expected. \u00a0Gold fell […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[62,4],"tags":[53,78,56,55,54,76],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/294"}],"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=294"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/294\/revisions"}],"predecessor-version":[{"id":296,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/294\/revisions\/296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/295"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}