{"id":18217,"date":"2015-06-03T08:41:41","date_gmt":"2015-06-03T15:41:41","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18217"},"modified":"2015-06-04T16:34:59","modified_gmt":"2015-06-04T23:34:59","slug":"a-mark-bullion-update-31","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-31\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>Yesterday\u00e2\u20ac\u2122s Federal Open Market Committee minutes failed to cause a stir in the precious metals markets.\u00c2\u00a0 According to the minutes, most participants think it is unlikely that economic data in June will provide satisfactory evidence to raise the target range for the federal funds rate.\u00c2\u00a0 Notably, dollar strength may have a greater and longer lasting adverse effect on exports than previously anticipated.\u00c2\u00a0 Gold finished out the trading day after the minutes in the exact same way it started it, lethargically and still in a tight range.<\/p>\n

Today, a mixed bag of US economic data encouraged market participants to trade gold with a bearish bias.\u00c2\u00a0 Gold ETFs continue to shed ounces and net outflows for the month of May are now in excess of 700,000 ounces.\u00c2\u00a0 This isn\u00e2\u20ac\u2122t that surprising given that US equities are challenging all-time highs.\u00c2\u00a0 The 100 and 200 day moving averages are starting to converge in the $1,212 – $1,215 area which is also, not coincidentally, the highs from yesterday and today.\u00c2\u00a0 This area is certainly near term resistance while bids are waiting ahead of $1,200.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday\u00e2\u20ac\u2122s Federal Open Market Committee minutes failed to cause a stir in the precious metals markets.\u00c2\u00a0 According to the minutes, most […]<\/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":[27,53,1422],"class_list":["post-18217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-federal-reserve","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18217","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=18217"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18217\/revisions"}],"predecessor-version":[{"id":18219,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18217\/revisions\/18219"}],"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=18217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}