{"id":13670,"date":"2020-06-23T20:42:00","date_gmt":"2020-06-23T17:42:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gold-prices-highest-since-2012-as-us-dollar-stumbles\/"},"modified":"2020-06-23T20:42:00","modified_gmt":"2020-06-23T17:42:00","slug":"gold-prices-highest-since-2012-as-us-dollar-stumbles","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gold-prices-highest-since-2012-as-us-dollar-stumbles\/","title":{"rendered":"#Gold prices highest since 2012 as US dollar stumbles"},"content":{"rendered":"

“#Gold prices highest since 2012 as US dollar stumbles<\/strong>”<\/p>\n

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June 23, 2020 |<\/span> 1:42pm <\/p>\n

\n Join the New York Post and Mansion Global for a live conversation on how COVID-19 has affected top real estate markets in the US, Friday, 6\/26 @ 12 p.m. EST. Register here.<\/p><\/div>\n
\n Gold prices surged to their highest since October 2012 on Tuesday, driven by a weakness in the US dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dents the economic outlook.<\/p>\n

Spot gold climbed 0.7 percent, to $1,767 per ounce, in the early afternoon, having hit $1,768.96, its highest since October 2012. US gold futures were up 0.9 percent to $1,782.30 per ounce.<\/p>\n

\u201cThe tsunami of stimulus coming in from everywhere is not only inflationary but also painting a weaker picture for the economy and making gold look attractive,\u201d said Edward Meir, analyst at ED&F Man Capital Markets.<\/p>\n

Gold has gained nearly 16 percent this year supported by global stimulus measures since the non-yielding metal is considered a hedge against inflation and currency debasement.<\/p>\n

The dollar was down 0.5 percent at $96.55 against a basket of currencies, making gold cheaper for non-US currency holders.<\/p>\n

More than 9.14 million people have been reported to be infected by the coronavirus globally and 473,031 have died, a Reuters tally showed on Tuesday.<\/p>\n

Gold\u2019s gains came despite a rise in equities driven by encouraging economic data and after President Trump tweeted the US-China trade pact was \u201cfully intact.\u201d<\/p>\n

\u201cGold\u2019s biggest enemy right now is if other markets grab attention and capital,\u201d said Tai Wong, head of base and precious metals derivatives trading at BMO. \u201cBarring a poor close under $1,750 in the coming days the October 2012 high of about $1,800 should only be a matter of time, a week, perhaps less.\u201d<\/p>\n

Holdings in SPDR Gold Trust, the world\u2019s largest gold-backed exchange-traded fund, rose 0.58 percent to 1,166.04 tons on Monday, a level last seen in April 2013.<\/p>\n

Elsewhere, palladium was little changed at $1,937.37 per ounce, platinum was up 1.1 percent, at $831.03 per ounce, and silver rose 0.6 percent, to $17.93 per ounce.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

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“#Gold prices highest since 2012 as US dollar stumbles” June 23, 2020 | 1:42pm Join the New York Post and Mansion Global for a live conversation on how COVID-19 has affected top real estate markets in the US, Friday, 6\/26 @ 12 p.m. EST. Register here. Gold prices surged to their highest since October 2012…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[26435],"class_list":["post-13670","post","type-post","status-publish","format-standard","hentry","category-general","tag-gold-prices-highest-since-2012-as-us-dollar-stumbles"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/13670","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=13670"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/13670\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=13670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=13670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=13670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}