{"id":8853,"date":"2008-10-15T00:00:00","date_gmt":"2008-10-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gold-prices-decline-after-us-funds-banks-with-250-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/gold-prices-decline-after-us-funds-banks-with-250-billion.html","title":{"rendered":"Gold Prices Decline After US Funds Banks With $250 Billion"},"content":{"rendered":"<p>Bloomberg &#8211; Gold fell for the fourth straight session after the U.S. agreed to spend $250 billion to rescue ailing banks. Silver climbed. <\/p>\n<p>Stocks in Europe and Asia rose for a second day after Treasury Secretary Henry Paulson announced plans to buy stakes in financial firms to ease the lending crisis. Gold fell 1.9 percent yesterday as the Standard &amp; Poor&#8217;s 500 Index soared 12 percent. <\/p>\n<p>&#8220;The equity markets have come back, so you&#8217;ll see some of the capital that was flowing into gold just a week ago go to equities,&#8221; said <a href=\"http:\/\/search.bloomberg.com\/search?q=Frank+Lesh&#038;site=wnews&#038;client=wnews&#038;proxystylesheet=wnews&#038;output=xml_no_dtd&#038;ie=UTF-8&#038;oe=UTF-8&#038;filter=p&#038;getfields=wnnis&#038;sort=date:D:S:d1\">Frank Lesh<\/a>, a trader at FuturePath Trading LLC in Chicago. <\/p>\n<p>Gold futures for December delivery dropped $3, or 0.4 percent, to $839.50 an ounce on the Comex division of the New York Mercantile Exchange. The price declined $64 in the previous three sessions. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news%3Fpid%3D20601081%26sid%3Dad_PI03i9ut8%26refer%3Daustralia\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Gold fell for the fourth straight session after the U.S. agreed to spend $250 billion to rescue ailing banks. Silver climbed. Stocks in Europe and Asia rose for a second day after Treasury Secretary Henry Paulson announced plans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1024,1659,82,2796,678,79,541,81,545,1658,2252,542,3176],"class_list":["post-8853","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-million","tag-asia-stock-markets","tag-bets","tag-dealer-operations","tag-domicile","tag-eaton","tag-kelton-research","tag-newcastle","tag-nymex","tag-peers","tag-precious-metal","tag-rival-bidders","tag-set-ups"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8853"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8853\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}