{"id":22006,"date":"2016-12-20T16:56:36","date_gmt":"2016-12-20T23:56:36","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=22006"},"modified":"2017-01-11T10:14:09","modified_gmt":"2017-01-11T17:14:09","slug":"mark-bullion-update-101-30","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-30\/","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>12.20.2016 While the FOMC delivered the rate hike that the market expected last Wednesday, the language that was conveyed during the meeting caught participants off guard. Specifically, the Fed expressed a hawkish outlook in 2017 with three instead of two planned rate hikes and a longer term rate target moved higher to 3.00% from 2.875%. The USD rallied post-FOMC and the USD index touched highs it hadn\u00e2\u20ac\u2122t been at since 2003. With the USD surging, gold gave way and sold down to the low $1,120s on Thursday of last week. The selling pressure on the precious metals complex only let up after this Friday headline: China\u00e2\u20ac\u2122s navy seizes US vehicle in international waters. Gold immediately shot up and finished out a poor week\u00e2\u20ac\u2122s performance with an up day. For now, the range in gold is defined with support at $1,120 and resistance at $1,150. Silver has found bargain buying under $16 while platinum has found the same on any move down to $900 thus far.<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><a href=\"\/american-gold-eagle-1\">Buy American Gold Eagles Online Here &gt;\u00c2\u00a0<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>12.20.2016 While the FOMC delivered the rate hike that the market expected last Wednesday, the language that was conveyed during the [&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":[53,1421,1422,1406,1555],"class_list":["post-22006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-federal-reserve","tag-gold-prices","tag-gold-trading","tag-silver-trading","tag-fomc"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22006","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=22006"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22006\/revisions"}],"predecessor-version":[{"id":22010,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22006\/revisions\/22010"}],"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=22006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=22006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=22006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}