{"id":113770,"date":"2020-11-17T17:14:00","date_gmt":"2020-11-17T14:14:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gold-prices-aim-for-fourth-straight-gain\/"},"modified":"2020-11-17T17:14:00","modified_gmt":"2020-11-17T14:14:00","slug":"gold-prices-aim-for-fourth-straight-gain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gold-prices-aim-for-fourth-straight-gain\/","title":{"rendered":"#\n  Gold prices aim for fourth straight gain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2ec1d24c03d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2ec1d24c03d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/gold-prices-aim-for-fourth-straight-gain\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Gold prices aim for fourth straight gain<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000071062\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Gold futures on Tuesday were climbing for a fourth session, a day after finishing higher in the face of bearish <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that would ordinarily serve as a headwind for the precious metal. <\/p>\n<p> Bullion in recent trade has been more responsive to news of a resurgence across the globe of the COVID-19 pandemic that has buoyed the commodity for months. <\/p>\n<div class=\"paywall\">\n        Indeed, the global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 55 million on Tuesday, according to\u00a0<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/coronavirus.jhu.edu\/map.html\" class=\"icon none\">data aggregated by Johns Hopkins University<\/a>, while the death toll rose above 1.3 million. In the past week, the U.S. has averaged 155,442 cases a day, up 82% from the average two weeks ago and cases are rising in 50 states and territories. There are currently a record of 73,014 COVID-19 patients in U.S. hospitals,\u00a0<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/covidtracking.com\/data\/national\" class=\"icon none\">according to the COVID Tracking Project,\u00a0<\/a>topping the previous record of 69,993 set a day ago. <\/p>\n<p>The spread of the virus has limited the downside move for gold, even as a report on Monday confirmed success toward a vaccine to combat the deadly pathogen. <\/p>\n<p>The latest news on Monday from Moderna indicated that its two-shot vaccine candidate so far in late-stage studies has proven to be 94.5% successful at cutting the rate of infection of COVID-19. <\/p>\n<p>\u201cDon\u2019t be surprised to see bulls step in to buy the modest overnight dip because trader and investor risk <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite is waning as the raging COVID-19 pandemic is taking a steady toll on marketplace psychology,\u201d wrote Jim Wyckoff, senior Kitco.com analyst, in a daily note. <\/p>\n<p>December gold<br \/>\n        GCZ20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210039572\/delayed\" class=\"negative\">-0.01%<\/bg-quote><br \/>\n      \u00a0gained $4.50, or 0.2%, to $1,892.30 an ounce, a day after eking out a roughly 0.1% gain and its third consecutive advance.<\/p>\n<p>Silver futures for December delivery<br \/>\n        SIZ20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210319381\/delayed\" class=\"negative\">-0.71%<\/bg-quote><br \/>\n      \u00a0shed 4 cents Tuesday, off 0.2%, to reach $24.76 an ounce, following a 0.1% gain in the period session. <\/p>\n<p> Atlanta Federal Reserve President Raphael\u00a0Bostic during an interview on CNBC early Tuesday said that the central bank is monitoring the U.S. economy\u2019s progress in the face of the pandemic\u2019s re-emergence, in case its spread \u201cportends something more deep,\u201d but added that the Fed tool kit to combat the market effects of the outbreak \u201cstill have some juice,\u201d a remark that could be bullish for gold. <\/p>\n<p>Sanguine investors believe that longer-term weakness in the dollar may also lay the groundwork for higher gold prices eventually, as central banks and governments expend outsize funds to limit the economic damage from the pandemic, which could weigh on the dollar. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>A weaker dollar is viewed as upbeat for gold, which is priced in the commodity, making it attractive to commodity buyers using other currencies.<\/p>\n<p>The dollar was off 0.4% on Tuesday at 92.296 as gauged by the ICE U.S. Dollar index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"negative\">-0.28%<\/bg-quote><span>.<\/span>\n       <\/p>\n<p> \u201cA lower U.S. dollar index on this day is also working in favor of the precious metals bulls,\u201d Wyckoff wrote.  <\/p>\n<p>Meanwhile, bullion prices didn\u2019t see significant moves after a report on retail sales activity in the U.S. showed that sales matched consensus forecast with rise of 0.3% in October, and sales excluding gas and automobile prices climbed 0.2%. Separately, data on import prices showed a drop of 0.1% last month. U.S. import prices minus fuel advanced 0.1% in October.<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D115966AB660%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Gold prices aim for fourth straight gain &#8221; Gold futures on Tuesday were climbing for a fourth session, a day after finishing higher in the face of bearish news that would ordinarily serve as a headwind for the precious metal. Bullion in recent trade has been more responsive to news of a resurgence across&#8230;<\/p>\n","protected":false},"author":1,"featured_media":113771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-113770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=113770"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/113771"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=113770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=113770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=113770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}