{"id":17079,"date":"2014-09-26T10:20:45","date_gmt":"2014-09-26T17:20:45","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17079"},"modified":"2014-10-03T14:06:32","modified_gmt":"2014-10-03T21:06:32","slug":"a-marks-bullion-update","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-bullion-update\/","title":{"rendered":"A-Mark’s Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>Yesterday, US New Home Sales came in at 504k on an annualized basis, much higher than the expectation of 432k.\u00c2\u00a0\u00c2\u00a0 It was the highest level of homes sales in the month of August in more than six years and on an annualized basis represented an 18% increase.\u00c2\u00a0 This all spelled good news for the USD in the overnight session while the precious metals took a hit.\u00c2\u00a0 The USD has now extended a four year high with improving economic data fueling speculation that the Federal Reserve is moving closer to raising interest rates.<\/p>\n

Gold traded down to $1,205 overnight before speculative traders and physical buyers in Asia came in to lift it off its lows.\u00c2\u00a0 Gold gained further legs in the NY session as equities sold off swiftly.\u00c2\u00a0 A report that Russian lawmakers, in response to sanctions, may draft legislation that would allow them to seize foreign assets weighed on US equities.\u00c2\u00a0 The Dow Jones is currently down 240 points (1.40%) and the inverse correlation it has had with gold of late allowed for the yellow metal to move up past $1,220.\u00c2\u00a0 Silver hasn\u00e2\u20ac\u2122t been able to move into positive territory like gold has today and support remains at $17.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, US New Home Sales came in at 504k on an annualized basis, much higher than the expectation of 432k.\u00c2\u00a0\u00c2\u00a0 It […]<\/p>\n","protected":false},"author":6,"featured_media":17083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[647,1385,1386],"class_list":["post-17079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-spot-gold","tag-djia","tag-spot-silver"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=17079"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17079\/revisions"}],"predecessor-version":[{"id":17085,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17079\/revisions\/17085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/17083"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=17079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}