Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition.<\/p>\n\n\n\n
Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ 1932.69 earlier in the session.<\/p>\n\n\n\n
And US gold futures rose 0.5% to 1934.70 dollars an ounce.<\/p>\n\n\n\n
The dollar index settled and is trading below a three-week high against its rivals, after negotiations over a US stimulus package faced opposition, while the yuan weakened after the Chinese central bank took action seen as aimed at limiting the currency’s strength.<\/p>\n\n\n\n
Gold is considered a hedge against inflation and the depreciation of the currency, and the yellow metal has gained more than 27% since the beginning of this year, with the support of unprecedented stimulus measures globally to alleviate the economic repercussions of the Covid-19 pandemic.<\/p>\n\n\n\n
As for other precious metals, silver gained about 1% to $ 25.36 an ounce, while palladium fell 0.1% to $ 2,437.79, while platinum rose 0.2% to $ 887.57.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition. Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ 1932.69 earlier in the session. …<\/p>\n","protected":false},"author":9,"featured_media":32825,"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-35310","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\/35310","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=35310"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35310\/revisions"}],"predecessor-version":[{"id":35311,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35310\/revisions\/35311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32825"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}