{"id":35673,"date":"2020-10-19T13:50:57","date_gmt":"2020-10-19T09:50:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35673"},"modified":"2020-10-19T13:50:59","modified_gmt":"2020-10-19T09:50:59","slug":"gold-rising-on-fears-of-coronavirus-and-hopes-of-us-stimulus","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rising-on-fears-of-coronavirus-and-hopes-of-us-stimulus\/10\/19\/market-updates\/","title":{"rendered":"Gold Rising on Fears of Coronavirus And Hopes of US Stimulus"},"content":{"rendered":"\n<p>Gold prices rose on Monday, supported by concerns about the worsening Covid-19 pandemic, while the precious metal prices were also boosted by hopes for a new US stimulus package ahead of the presidential elections in November.<\/p>\n\n\n\n<p>The spot price of gold was up 0.6% to $ 1909.90 an ounce, while US gold futures contracts rose 0.3% to $ 1912.40.<\/p>\n\n\n\n<p>Gold is considered a hedge against inflation and currency depreciation, and it has risen about 25% this year as governments and central banks launched a wave of stimulus measures to curb the economic damage of the pandemic.<\/p>\n\n\n\n<p>In other precious metals, silver rose 2.4% to $ 24.74 an ounce, after nearing a week&#8217;s high.<\/p>\n\n\n\n<p>Platinum rose 1.2% to $ 870.69 an ounce, and palladium rose 0.9% to $ 2,351.94.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Monday, supported by concerns about the worsening Covid-19 pandemic, while the precious metal prices were also boosted by hopes for a new US stimulus package ahead of the presidential elections in November. The spot price of gold was up 0.6% to $ 1909.90 an ounce, while US gold futures contracts rose &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-35673","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\/35673","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=35673"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35673\/revisions"}],"predecessor-version":[{"id":35674,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35673\/revisions\/35674"}],"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=35673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}