{"id":205069,"date":"2021-07-19T08:28:18","date_gmt":"2021-07-19T03:28:18","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=205069"},"modified":"2021-07-19T08:28:18","modified_gmt":"2021-07-19T03:28:18","slug":"gold-can-stage-correction-after-4-week-stay-in-positive-territory","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/gold-can-stage-correction-after-4-week-stay-in-positive-territory\/","title":{"rendered":"Gold can stage correction after 4-week stay in positive territory"},"content":{"rendered":"<p>ISLAMABAD: Gold prices closed the previous four weeks in positive territory and can stage a technical correction in the coming week starting today (Monday) before the next leg-up. During the last week, gold stayed relatively quiet on Monday and Tuesday but managed to regain its traction on Wednesday. Following a 1% increase mid-week, gold preserved its bullish momentum and touched its highest level in a month at $1,834 on Thursday but retraced a large portion of its rally on Friday. Nevertheless, gold settled at $1,813.20 and registered small weekly gains In the coming week, there will not be any high-tier data releases during the first half. During that time period, the US dollar\u2019s market valuation is likely to drive gold\u2019s movements within the boundaries of significant technical levels. On Thursday, the European Central Bank (ECB) will announce its Interest Rate Decision and release the Monetary Policy Statement. TLTP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Gold prices closed the previous four weeks in positive territory and can stage a technical correction in the coming week starting today (Monday) before the next leg-up. During the last week, gold stayed relatively quiet on Monday and Tuesday but managed to regain its traction on Wednesday. Following a 1% increase mid-week, gold preserved [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-205069","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold can stage correction after 4-week stay in positive territory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/gold-can-stage-correction-after-4-week-stay-in-positive-territory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold can stage correction after 4-week stay in positive territory\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: Gold prices closed the previous four weeks in positive territory and can stage a technical correction in the coming week starting today (Monday) before the next leg-up. During the last week, gold stayed relatively quiet on Monday and Tuesday but managed to regain its traction on Wednesday. Following a 1% increase mid-week, gold preserved [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/gold-can-stage-correction-after-4-week-stay-in-positive-territory\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-19T03:28:18+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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During the last week, gold stayed relatively quiet on Monday and Tuesday but managed to regain its traction on Wednesday. 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