{"id":4420,"date":"2014-05-12T14:17:07","date_gmt":"2014-05-12T14:17:07","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=4420"},"modified":"2014-05-12T14:17:07","modified_gmt":"2014-05-12T14:17:07","slug":"gold-bulls-bet-wrong-on-fed-easing","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=4420","title":{"rendered":"Gold bulls bet wrong on Fed easing"},"content":{"rendered":"<p><strong>By Elizabeth Campbell<\/strong><br \/>\n<em>Bloomberg<\/em><\/p>\n<figure id=\"attachment_4421\" aria-describedby=\"caption-attachment-4421\" style=\"width: 160px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-4421\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/05\/janet160.jpg\" alt=\"Janet Yellen\" width=\"160\" height=\"192\" data-id=\"4421\" \/><figcaption id=\"caption-attachment-4421\" class=\"wp-caption-text\">Janet Yellen<\/figcaption><\/figure>\n<p>Gold speculators misjudged prices for a second consecutive week as the prospect of less stimulus from the Federal Reserve pushed futures lower.<\/p>\n<p>Money managers raised their net-long position by the most since February in the week ended May 6. The next day, prices fell the most three weeks after Fed Chair Janet Yellen said the U.S. central bank\u2019s four cuts in monthly bond purchases since November were \u201cappropriate\u201d because there is \u201csufficient underlying strength\u201d in the domestic economy.<\/p>\n<p>In the 14 weeks since January, investors have a track record of 50 percent, betting wrong on gold seven times. Prices that reached a six-month high on March 17 have retreated as much as 8.9 percent. Yellen told Congress on May 7 that while borrowing costs will be close to zero for a \u201cconsiderable time,\u201d policy makers will continue to reduce the pace of asset purchases in \u201cmeasured steps.\u201d<\/p>\n<p><strong>Continue reading . . .<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold speculators misjudged prices for a second consecutive week as the prospect of less stimulus from the Federal Reserve pushed futures lower.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4420"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4420"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4420\/revisions"}],"predecessor-version":[{"id":4422,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4420\/revisions\/4422"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}