{"id":109267,"date":"2024-12-11T20:31:28","date_gmt":"2024-12-11T16:31:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109267"},"modified":"2024-12-11T20:38:44","modified_gmt":"2024-12-11T16:38:44","slug":"prices-rise-on-fed-rate-cut-optimism","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/prices-rise-on-fed-rate-cut-optimism\/12\/11\/market-updates\/","title":{"rendered":"XAU Rises on Fed Rate Cut Optimism"},"content":{"rendered":"\n<p>Gold prices climbed on Wednesday, December 11, 2024, as the latest inflation data increased the likelihood of a Federal Reserve interest rate cut next week.<br><br>Spot gold gained 0.7% to $2,713.29 per ounce, while U.S. gold futures rose 1.4% to $2,756.00. The U.S. Consumer Price Index (CPI) for November came in line with expectations, showing a monthly increase of 0.3% and an annual increase of 2.7%.<br><br>Market analysts believe that the benign inflation data will allow the Fed to cut rates at its upcoming meeting. Traders are now pricing in a 96% chance of a 25-basis-point rate cut on December 17-18.<br><br><br>Gold, often seen as a safe-haven asset, tends to benefit from lower interest rates. Some analysts predict that gold could reach $3,000 per ounce by the end of 2025, driven by easing bond yields and ongoing geopolitical risks.<br><br>In addition to gold, silver gained 0.5% to $32.07 per ounce, while platinum declined 0.8% to $934.60. Palladium, however, rose 1.2% to $979.46.<br><br><br><br><br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices climbed on Wednesday, December 11, 2024, as the latest inflation data increased the likelihood of a Federal Reserve interest rate cut next week.Spot gold gained 0.7% to $2,713.29 per ounce, while U.S. gold futures rose 1.4% to $2,756.00. The U.S. Consumer Price Index (CPI) for November came in line with expectations, showing a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":105444,"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":[7987,6885,6874],"class_list":["post-109267","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-cpi-data","tag-fed","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109267","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109267"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109267\/revisions"}],"predecessor-version":[{"id":109277,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109267\/revisions\/109277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105444"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}