{"id":32935,"date":"2020-08-20T12:08:34","date_gmt":"2020-08-20T08:08:34","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32935"},"modified":"2020-08-20T12:08:36","modified_gmt":"2020-08-20T08:08:36","slug":"gold-recovering-with-renewed-fears-of-a-slowdown-in-recovery","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-recovering-with-renewed-fears-of-a-slowdown-in-recovery\/08\/20\/market-updates\/","title":{"rendered":"Gold Recovering With Renewed Fears of a Slowdown in recovery"},"content":{"rendered":"\n<p>Gold rose on Thursday, August 20, offsetting some of the losses caused by a wave of selling in the previous session, after the US Federal Reserve raised fears that the recovery from the economic downturn resulting from the outbreak of the Coronavirus is facing a blue future, which has cast a shadow on risk sentiment.<\/p>\n\n\n\n<p>By 05:37 GMT, spot gold increased 0.7% to $ 1943.07 an ounce, after falling more than 3.5% to its lowest level in about a week on Wednesday. US gold futures fell 1% to $ 1950.30 an ounce.<\/p>\n\n\n\n<p>On Wednesday, the US Federal Reserve warned that the economic slowdown caused by the Covid-19 pandemic was facing a highly uncertain path and reiterated the need for additional fiscal stimulus. These comments led to a decline in US and Asian stocks.<\/p>\n\n\n\n<p>As for the rest of the precious metals, silver rose 1.1% to $ 27.01 an ounce, while platinum jumped 0.3% to $ 934.71. Palladium rose 0.5% to $ 2167.52.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rose on Thursday, August 20, offsetting some of the losses caused by a wave of selling in the previous session, after the US Federal Reserve raised fears that the recovery from the economic downturn resulting from the outbreak of the Coronavirus is facing a blue future, which has cast a shadow on risk sentiment. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30914,"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":[38,36],"tags":[6874],"class_list":["post-32935","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32935","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=32935"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32935\/revisions"}],"predecessor-version":[{"id":32936,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32935\/revisions\/32936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30914"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}