Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path.<\/p>\n\n\n\n
In spot transactions, gold rose 0.3% to 1935.80 dollars an ounce, nearing its lowest level in a week, which it reached on Thursday. Gold prices fell 1.5% since the beginning of this week.<\/p>\n\n\n\n
US gold futures rose 0.2% to $ 1941.30.<\/p>\n\n\n\n
Asian stock markets fell, after the biggest sell-off on Wall Street since June, while US Treasury yields for ten years are heading to record their biggest weekly decline in nearly three months.<\/p>\n\n\n\n
Lower bond yields reduce the opportunity cost of holding non-yielding gold.<\/p>\n\n\n\n
All eyes are on the non-farm payroll numbers in the United States scheduled for release today, in search of the latest indication of the performance of the economy affected by the Coronavirus.<\/p>\n\n\n\n
As for the other precious metals, silver gained 0.2% to $ 26.66 an ounce, but it’s down 3% since the start of the week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot transactions, gold rose 0.3% to …<\/p>\n","protected":false},"author":9,"featured_media":31385,"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-33602","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\/33602","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=33602"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33602\/revisions"}],"predecessor-version":[{"id":33603,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33602\/revisions\/33603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31385"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}