{"id":35743,"date":"2020-10-20T12:32:21","date_gmt":"2020-10-20T08:32:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35743"},"modified":"2020-10-20T12:32:27","modified_gmt":"2020-10-20T08:32:27","slug":"gold-in-a-narrow-range-due-to-caution-about-us-stimulus","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-in-a-narrow-range-due-to-caution-about-us-stimulus\/10\/20\/market-updates\/","title":{"rendered":"Gold in a Narrow Range Due to Caution About US Stimulus"},"content":{"rendered":"\n<p>Gold traded on Tuesday in a narrow range above $ 1900 an ounce, as caution prevailed ahead of a deadline for an agreement on a new US stimulus package to mitigate the repercussions of the Coronavirus and the presidential elections scheduled for next month.<\/p>\n\n\n\n<p>Gold fell 0.2% to 1,901.10 dollars an ounce. And US gold futures fell 0.4% to $ 1,904.50.<\/p>\n\n\n\n<p>Gold is considered a hedge in the face of inflation and a depreciating currency, in light of unprecedented levels of global stimulus to cushion the economic blow from the Corona pandemic.<\/p>\n\n\n\n<p>Investors are now awaiting the final debate between US President Donald Trump and his Democratic rival, Joe Biden, on Thursday.<\/p>\n\n\n\n<p>The US dollar stabilized against its rivals, while Asian stocks fell as investors adjusted exposure to risk as the election approaches.<\/p>\n\n\n\n<p>As for other precious metals, silver fell 0.2% to $ 24.46 an ounce, platinum fell 0.4% to $ 852.72 an ounce, and palladium rose 0.1% to $ 2345.43.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold traded on Tuesday in a narrow range above $ 1900 an ounce, as caution prevailed ahead of a deadline for an agreement on a new US stimulus package to mitigate the repercussions of the Coronavirus and the presidential elections scheduled for next month. Gold fell 0.2% to 1,901.10 dollars an ounce. And US gold &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31385,"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-35743","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\/35743","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=35743"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35743\/revisions"}],"predecessor-version":[{"id":35745,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35743\/revisions\/35745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31385"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}