{"id":112856,"date":"2025-03-17T20:40:00","date_gmt":"2025-03-17T16:40:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112856"},"modified":"2025-03-17T23:11:41","modified_gmt":"2025-03-17T19:11:41","slug":"gold-prices-still-soaring-above-3000-barrier","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-still-soaring-above-3000-barrier\/03\/17\/market-updates\/","title":{"rendered":"Gold Prices Still Soaring Above $ 3,000 Barrier"},"content":{"rendered":"Gold prices have continued their upward trajectory since the start of trading on Monday, following their record-breaking highs achieved last Friday. This surge is fueled by a confluence of factors that are expected to propel the precious metal even higher in the near future.<br \/><br \/>Gold closed last week on a strong note, gaining significantly against the US dollar. This was further supported by a decline in risk appetite in financial markets and reports highlighting a notable increase in central bank gold purchases.<br \/><br \/>Several factors contributed to the US dollar&#8217;s weekly decline, including trade tensions stemming from tariffs and the US-European trade dispute, as well as US inflation data indicating a slowdown in price growth. These readings have led investors to anticipate a potential interest rate cut before the end of 2025, which has negatively impacted the US dollar.<br \/><br \/>Gold futures rose by 2.6% in the week ending March 14, closing at $2,993 per ounce, compared to the previous week&#8217;s close of $2,917 per ounce.<br \/><br \/>During the past week, gold prices fluctuated between a low of $2,882 and a high of $3,017, breaking through all previous resistance levels and setting a new all-time high.<br \/><br \/>Reports indicate that central banks worldwide are currently increasing their gold purchases. The World Gold Council revealed that the People&#8217;s Bank of China and the National Bank of Poland recently purchased 10 and 29 tons of gold, respectively, adding to their strategic reserves.<br \/><br \/>Gold futures have risen to $3,006 per ounce, compared to the previous day&#8217;s close of $2,993 per ounce. On Monday, gold prices ranged from a low of $2,991 to a high of $3,009.","protected":false},"excerpt":{"rendered":"<p>Gold prices have continued their upward trajectory since the start of trading on Monday, following their record-breaking highs achieved last Friday. This surge is fueled by a confluence of factors that are expected to propel the precious metal even higher in the near future.Gold closed last week on a strong note, gaining significantly against the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":105896,"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":[38,6827,49,37,36],"tags":[],"class_list":["post-112856","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112856","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=112856"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112856\/revisions"}],"predecessor-version":[{"id":112857,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112856\/revisions\/112857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105896"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}