{"id":100540,"date":"2024-04-29T09:46:38","date_gmt":"2024-04-29T05:46:38","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=100540"},"modified":"2024-04-29T09:46:40","modified_gmt":"2024-04-29T05:46:40","slug":"gold-declines-as-hopes-of-a-us-rate-cut-recede","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-declines-as-hopes-of-a-us-rate-cut-recede\/04\/29\/market-updates\/","title":{"rendered":"Gold declines as hopes of a US rate cut recede"},"content":{"rendered":"\n<p>Gold prices fell on Monday as hopes for an early US rate cut this year receded, while focus turned to the Federal Reserve&#8217;s monetary policy meeting and the US non-farm payrolls data released this week to reveal more indicators on monetary policy.<\/p>\n\n\n\n<p>By 0334 GMT, gold prices in spot transactions fell 0.5 percent to $2,327.09 per ounce. US gold futures fell 0.4 percent to $2,338.30 an ounce.<\/p>\n\n\n\n<p>The US central bank&#8217;s Monetary Policy Committee meets on April 30 and May 1, and US non-farm payrolls data is released on Friday, both of which are important factors for markets this week. The US central bank is expected to keep interest rates in a range between 5.25 and 5.5 percent during this meeting.<\/p>\n\n\n\n<p>As for other precious metals, silver rose in spot transactions by 0.3 percent to $27.24 per ounce. Platinum in spot transactions increased 0.5 percent to $19.95 an ounce. Palladium rose 0.1 percent to $954.94 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Monday as hopes for an early US rate cut this year receded, while focus turned to the Federal Reserve&#8217;s monetary policy meeting and the US non-farm payrolls data released this week to reveal more indicators on monetary policy. By 0334 GMT, gold prices in spot transactions fell 0.5 percent to $2,327.09 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[9278,8618],"class_list":["post-100540","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold-price","tag-middle-east"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100540"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100540\/revisions"}],"predecessor-version":[{"id":100541,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100540\/revisions\/100541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99036"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}