{"id":35520,"date":"2020-10-15T13:39:10","date_gmt":"2020-10-15T09:39:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35520"},"modified":"2020-10-15T13:39:13","modified_gmt":"2020-10-15T09:39:13","slug":"gold-retreating-as-us-dollar-rallies-as-bets-on-a-us-stimulus-dissipate","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-retreating-as-us-dollar-rallies-as-bets-on-a-us-stimulus-dissipate\/10\/15\/market-updates\/","title":{"rendered":"Gold Retreating as US Dollar Rallies as Bets on a US Stimulus Dissipate"},"content":{"rendered":"\n<p>Gold fell on Thursday, and lay below $ 1900, a psychological important level, as the dollar held on to recent gains after US Treasury Secretary Stephen Mnuchin dashed hopes for a new stimulus package before the presidential election.<\/p>\n\n\n\n<p>Spot gold fell 0.2% to $ 1897.47 an ounce, after rising 1.2% on Wednesday, and US gold futures fell 0.3% to $ 1,901.50 an ounce.&#8221;<\/p>\n\n\n\n<p>Mnuchin said that his position is &#8220;very far&#8221; from that of Democratic lawmakers regarding an economic aid package to mitigate the repercussions of the Corona virus, and that reaching an agreement will be difficult before the elections.<br>The presidential elections on November 3, prompting investors to turn to safety in the dollar.<\/p>\n\n\n\n<p>Gold, which is considered a hedge in the face of inflation and a depressed currency, has risen 25% since the beginning of the year in light of unprecedented levels of global stimulus to cushion the impact of the economic blow from the pandemic.<\/p>\n\n\n\n<p>As for other precious metals, silver fell 0.6% to $ 24.13 an ounce, platinum rose 0.3% to $ 859.51, and palladium rose 0.4% to $ 2,353.52.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold fell on Thursday, and lay below $ 1900, a psychological important level, as the dollar held on to recent gains after US Treasury Secretary Stephen Mnuchin dashed hopes for a new stimulus package before the presidential election. Spot gold fell 0.2% to $ 1897.47 an ounce, after rising 1.2% on Wednesday, and US gold &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-35520","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\/35520","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=35520"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35520\/revisions"}],"predecessor-version":[{"id":35521,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35520\/revisions\/35521"}],"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=35520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}