{"id":34125,"date":"2020-09-17T12:40:45","date_gmt":"2020-09-17T08:40:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34125"},"modified":"2020-09-17T12:40:47","modified_gmt":"2020-09-17T08:40:47","slug":"gold-falls-on-strong-us-dollar-after-fed-forecast","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-falls-on-strong-us-dollar-after-fed-forecast\/09\/17\/market-updates\/","title":{"rendered":"Gold Falls on Strong US Dollar After Fed Forecast"},"content":{"rendered":"\n<p>Gold prices fell Thursday, September 17th, as the dollar rose after the US Federal Reserve painted a positive picture of the economic recovery, but declined to provide concrete indications of further stimulus.<\/p>\n\n\n\n<p>By 05:24 GMT, spot gold fell 0.8% to $ 1943.70 an ounce, while US gold futures fell 1% to $ 1950.50.<\/p>\n\n\n\n<p>The dollar index rose to its highest level in more than a week against the rest of the currencies after the Fed hinted that it expects the US economy&#8217;s recovery from the Corona pandemic to accelerate and unemployment decline at a faster rate than the central bank expected in June.<\/p>\n\n\n\n<p>Gold received some support from the central bank\u2019s pledge to keep interest rates near zero levels until inflation goes on a path that \u201cmoderately exceeds\u201d the 2% target \u201cfor some time\u201d.<\/p>\n\n\n\n<p>As for other precious metals, silver fell 1.5% to $ 26.82 an ounce, and platinum fell 2.3% to $ 946.10 an ounce. Palladium fell 1.3% to $ 2,367.49 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell Thursday, September 17th, as the dollar rose after the US Federal Reserve painted a positive picture of the economic recovery, but declined to provide concrete indications of further stimulus. By 05:24 GMT, spot gold fell 0.8% to $ 1943.70 an ounce, while US gold futures fell 1% to $ 1950.50. The dollar &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30995,"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-34125","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\/34125","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=34125"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34125\/revisions"}],"predecessor-version":[{"id":34126,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34125\/revisions\/34126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30995"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}