{"id":37101,"date":"2020-11-13T12:36:27","date_gmt":"2020-11-13T08:36:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=37101"},"modified":"2020-11-13T12:37:27","modified_gmt":"2020-11-13T08:37:27","slug":"gold-supported-by-virus-fears-but-heading-for-the-worst-week-since-september","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-supported-by-virus-fears-but-heading-for-the-worst-week-since-september\/11\/13\/market-updates\/","title":{"rendered":"Gold Supported by Virus Fears But Heading For The Worst Week Since September"},"content":{"rendered":"\n<p>Gold prices stabilized in a narrow range today, Friday, supported by concerns about the economic consequences resulting from the escalation of Covid-19 cases, but the yellow metal is heading towards its first weekly loss since September, as it boosted hopes for a vaccine for high-risk assets earlier this week.<\/p>\n\n\n\n<p>With the Japanese markets closed, gold rose in spot trading 0.2%to $ 1879.11 an ounce. For the week, gold fell 3.7%.<\/p>\n\n\n\n<p>US gold futures gained 0.2% to $ 1,877.10.<\/p>\n\n\n\n<p>A Reuters count showed that cases of coronavirus rose by more than 100% in 13 US states over the past two weeks, while the number of global cases exceeded 52.45 million, which supports the need for more stimulation.<\/p>\n\n\n\n<p>Meanwhile, the Presidents of the US Federal Reserve and the European Central Bank warned that the economic outlook remains blurry.<\/p>\n\n\n\n<p>The dollar index settled, but it is on track of achieving a weekly gain of 0.8%.<\/p>\n\n\n\n<p>As for the other precious metals, silver was stable at $ 24.22 an ounce. Platinum rose 0.7% to $ 885.60, while palladium rose 0.5% to $ 2,342.45.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized in a narrow range today, Friday, supported by concerns about the economic consequences resulting from the escalation of Covid-19 cases, but the yellow metal is heading towards its first weekly loss since September, as it boosted hopes for a vaccine for high-risk assets earlier this week. With the Japanese markets closed, gold &hellip;<\/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-37101","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\/37101","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=37101"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37101\/revisions"}],"predecessor-version":[{"id":37102,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37101\/revisions\/37102"}],"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=37101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}