{"id":18068,"date":"2015-04-01T08:39:26","date_gmt":"2015-04-01T15:39:26","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18068"},"modified":"2015-04-06T08:21:24","modified_gmt":"2015-04-06T15:21:24","slug":"a-mark-bullion-update-21","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-21\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p><a href=\"http:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17084 alignright\" src=\"http:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\" alt=\"A-Mark-Precious-Metals-Inc\" width=\"206\" height=\"71\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg 206w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-60x20.jpg 60w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-135x46.jpg 135w\" sizes=\"auto, (max-width: 206px) 100vw, 206px\" \/><\/a>After losing ground for a week and a half, the USD is back on the offensive and gold and silver are feeling the pain.\u00c2\u00a0 Better than expected US economic data yesterday encouraged USD bids and the USD index is now up for the second day in a row.\u00c2\u00a0 Yesterday, US personal income came in at 0.4% in February m\/m versus the 0.3% median forecast from a survey of economists.\u00c2\u00a0 US home sales also beat estimates and came in at 3.1% in February m\/m after an increase of 1.2% in January m\/m.\u00c2\u00a0 Partially fueled by the positive US data, equities screamed higher yesterday which also contributed to the precious metals sell off.<\/p>\n<p>Gold is now trading lower for the third day in a row.\u00c2\u00a0 After moving higher for seven consecutive sessions, it bounced off resistance at the 50 day moving average.\u00c2\u00a0 It is now well below previous support at $1,200 and the short term range is defined as $1,170 &#8211; $1,200.\u00c2\u00a0 Silver has followed gold\u00e2\u20ac\u2122s trajectory and looks like it wants to test lower.\u00c2\u00a0 There is minor support at $16 but $15.50 is the bigger level to watch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After losing ground for a week and a half, the USD is back on the offensive and gold and silver are [&hellip;]<\/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":[1422,125],"class_list":["post-18068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading","tag-u-s-dollar"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18068","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=18068"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18068\/revisions"}],"predecessor-version":[{"id":18069,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18068\/revisions\/18069"}],"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=18068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}