{"id":18422,"date":"2015-09-18T08:26:42","date_gmt":"2015-09-18T15:26:42","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18422"},"modified":"2015-09-24T16:58:21","modified_gmt":"2015-09-24T23:58:21","slug":"a-mark-bullion-update-55","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-55\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p>Prio<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>r to the Fed\u00e2\u20ac\u2122s meeting today, gold traded in an uninspired $7 range during the overnight and early NY trading sessions.\u00c2\u00a0 Traders were clearly on the sidelines and had trimmed positions ahead of the FOMC.\u00c2\u00a0 Once the Fed meeting finally started at 11 AM PST though, participants returned to the market and gold shot up 1%.\u00c2\u00a0<br \/>\n The Federal Open Market Committee decided to not raise interest rates and had dovish overall remarks.\u00c2\u00a0 The recent financial turmoil in China, amongst other global economic and financial market developments, appeared to be the main reason for the Fed\u00e2\u20ac\u2122s decision to keep US monetary policy steady. The immediate reaction to the interest rate hold was that the USD and treasury yields fell while US equities and the precious metals jumped higher.\u00c2\u00a0 Near term resistance for gold is coming in at the 100 day moving average of $1,152.50.\u00c2\u00a0 Should the market lose steam tonight, bids will likely materialize ahead of the 50 day moving average at $1,118.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prior to the Fed\u00e2\u20ac\u2122s meeting today, gold traded in an uninspired $7 range during the overnight and early NY trading sessions.\u00c2\u00a0 [&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":[38,53,1422],"class_list":["post-18422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-china","tag-federal-reserve","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18422","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=18422"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18422\/revisions"}],"predecessor-version":[{"id":18427,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18422\/revisions\/18427"}],"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=18422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}