{"id":21969,"date":"2017-02-13T06:57:32","date_gmt":"2017-02-13T06:57:32","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=21969"},"modified":"2017-02-13T06:58:01","modified_gmt":"2017-02-13T06:58:01","slug":"gold-slips-dollar-strengthens-yen-post-trump-abe-meet","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/gold-slips-dollar-strengthens-yen-post-trump-abe-meet.html","title":{"rendered":"Gold slips as dollar strengthens against yen post Trump-Abe meet"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\">Gold slips as dollar strengthens against yen post Trump-Abe meet<\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><strong>Gold slips as dollar strengthens against yen post Trump-Abe meet:<\/strong>&#8211; Gold slipped on Monday as the dollar strengthened against the yen, with the greenback buoyed by a smooth meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe that saw no mention of currency policy.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">Spot gold shed 0.3 percent, to $1,229.77 per ounce at 0320 GMT, while U.S. gold futures fell 0.4 percent, to $1,231.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">The dollar index was up 0.16 percent to 100.960, with the greenback risng against the yen on relief that Trump set aside his tough campaign rhetoric over security and jobs in a meeting with the Japanese Prime Minister over the weekend.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">&quot;Quietness on the protectionism front and a rekindling of the Trump-flation trade is taking the wind out of gold&#39;s safe-haven sails,&quot; said Jeffrey Halley, senior market analyst at OANDA.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">A senior Japanese government spokesman said Abe and Trump did not discuss currency issues and that Trump did not request a bilateral trade deal.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">The dollar had suffered its worst January in three decades after President Trump complained that every &quot;other country lives on devaluation.&quot;<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">The U.S. currency also found broad support from comments by Trump on Thursday that he planned to announce an ambitious tax reform plan in the next few weeks, rekindling hopes for big tax cuts.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">Spot gold may revisit its Feb. 10 low of $1,221.02 per ounce, as its correction from the Feb. 8 high of $1,244.67 has not completed, according to Reuters technical analyst Wang Tao.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">Speculators raised their bullish wagers in COMEX gold to the highest in two months in the week to Feb. 7, and raised it slightly in silver, U.S. Commodity Futures Trading Commission data showed on Friday.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">In other precious metals, spot silver was mostly unchanged at $17.95 per ounce, after touching $18, the highest since Nov.11, 2016, earlier in the session.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">Platinum eased by 0.3 percent, to $1,007.15 per ounce.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\">Palladium was mostly flat at $783.73 per ounce, after hitting $786.90, its highest level in over two weeks.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:8px;\"><span style=\"color:#000000;\">Source:-&nbsp;http:\/\/in.reuters.com\/article\/global-precious-idINKBN15S0DZ<\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/gold-slips-dollar-strengthens-yen-post-trump-abe-meet.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Gold slips as dollar strengthens against yen post Trump-Abe meet Gold slips as dollar strengthens against yen post Trump-Abe meet:&#8211; Gold slipped on Monday as the dollar strengthened against the yen, with the greenback buoyed by a smooth meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[837,13568,6904,13566,13190,13569,13570,9179,13567],"class_list":["post-21969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-donald-trump","tag-global","tag-gold","tag-gold-slips-as-dollar-strengthens-against-yen-post-trump-abe-meet","tag-jeffrey-halley","tag-precious","tag-precious-metals","tag-shinzo-abe","tag-wang-tao"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/21969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=21969"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/21969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/21978"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=21969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=21969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=21969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}