{"id":18045,"date":"2015-03-26T16:19:50","date_gmt":"2015-03-26T23:19:50","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18045"},"modified":"2015-03-31T16:18:36","modified_gmt":"2015-03-31T23:18:36","slug":"a-mark-bullion-update-20","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-20\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>Unrest in the Middle East has caused crude oil to rally over 15% in the last five trading days.\u00c2\u00a0 A coalition of ten countries led by Saudi Arabia has launched air strikes in Yemen against Shia Houthi rebels to \u00e2\u20ac\u0153defend the legitimate government\u00e2\u20ac\u009d of President Abdrabbuh Mansour Hadi.\u00c2\u00a0 While Yemen is not a large oil producing country, the situation creates instability in the region as a whole.\u00c2\u00a0\u00c2\u00a0 Shia-dominated Iran has already demanded that Sunni-ruled Saudi Arabia immediately halt the air strikes as it is a violation of Yemen\u00e2\u20ac\u2122s sovereignty.\u00c2\u00a0 The geopolitical instability in conjunction with crude oil running up has allowed gold to move higher this week and to break through previous psychological resistance at $1,200.<\/p>\n

The combination of worse than expected US economic data and a broad US equity sell off has also helped buoy gold and silver over the past few days.\u00c2\u00a0 New orders for durable goods fell by 1.40% in February m\/m after an increase of 2.00% in January m\/m.\u00c2\u00a0 Gold has now traded higher in seven consecutive trading sessions and it appears that it is ready for a breather.\u00c2\u00a0 Strong selling capped the market at $1,220 and gold has retreated to hanging just above $1,200.\u00c2\u00a0 Silver has also retreated from its intraday highs and will look to hold above $17 as the session winds down.<\/p>\n","protected":false},"excerpt":{"rendered":"

Unrest in the Middle East has caused crude oil to rally over 15% in the last five trading days.\u00c2\u00a0 A coalition […]<\/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":[1421,1387,1390,1408],"class_list":["post-18045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-silver-prices","tag-a-mark","tag-middle-east-conflict"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18045","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=18045"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18045\/revisions"}],"predecessor-version":[{"id":18046,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18045\/revisions\/18046"}],"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=18045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}