{"id":20071,"date":"2016-03-15T14:44:19","date_gmt":"2016-03-15T21:44:19","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=20071"},"modified":"2016-03-17T16:49:25","modified_gmt":"2016-03-17T23:49:25","slug":"a-mark-bullion-update-91","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-91\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p><a href=\"https:\/\/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=\"https:\/\/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>March 15, 2016. After failing on a third attempt to close above $1,280 at the end of last week, gold has spent the last three consecutive trading days trending lower.\u00c2\u00a0 It held support at $1,225 overnight, the fifth point on a trendline dating back to mid-January, but the momentum has certainly shifted downward this week.\u00c2\u00a0 Should this $1,225 level break, the next support area to watch for would be the psychological figure of $1,200.<\/p>\n<p>Indian customs data on Monday showed that imports of gold in February totaled just 765,000 toz.\u00c2\u00a0 This was down over 60% from the previous month and the lowest monthly inflow on record.\u00c2\u00a0 After China, India is the world\u00e2\u20ac\u2122s largest gold market and the steep decline in demand can be attributed to gold\u00e2\u20ac\u2122s impressive performance in 2016 as well as Indian jewelers\u00e2\u20ac\u2122 reaction to a recent 1% excise tax imposed by the government.<\/p>\n<p>The FOMC statement is out tomorrow at 11 AM PST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 15, 2016. After failing on a third attempt to close above $1,280 at the end of last week, gold has [&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":[1422,269],"class_list":["post-20071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading","tag-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20071","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=20071"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20071\/revisions"}],"predecessor-version":[{"id":20075,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20071\/revisions\/20075"}],"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=20071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=20071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=20071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}