Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus.<\/p>\n\n\n\n
Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. US gold futures rose 0.3% to $ 1922.20.<\/p>\n\n\n\n
The yellow metal gained 2.9% since the start of the week, and is on track to achieve its largest percentage increase since the week ending August 7.<\/p>\n\n\n\n
US stock futures fell 2% on Headlines Trump and his wife Melania had tested positive for COVID-19 and were quarantined weeks before the election.<\/p>\n\n\n\n
On Thursday, the US House of Representatives approved a $ 2.2 trillion Democratic Party plan to provide more economic aid to mitigate the fallout from the coronavirus pandemic.<\/p>\n\n\n\n
Gold tends to benefit from broad stimulus measures as it is seen as a hedge against inflation.<\/p>\n\n\n\n
As for the rest of the precious metals, silver gained 0.7% to $ 24.07 an ounce and has risen more than 5% since the start of the week.<\/p>\n\n\n\n
Platinum fell 0.2% to $ 894.82 and palladium fell 0.1% to $ 2,311.95.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus. Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. US gold futures rose 0.3% …<\/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-34867","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\/34867","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=34867"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34867\/revisions"}],"predecessor-version":[{"id":34868,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34867\/revisions\/34868"}],"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=34867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}