Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve.<\/p>\n\n\n\n
Spot gold rose 0.1% to $ 1880.81 an ounce by 07:07 GMT, while US gold futures fell 0.4% to $ 1878.3.<\/p>\n\n\n\n
Gold fell as much as 1.3% on Monday after Moderna said its vaccine was 94.5% effective in an advanced stage of testing.<\/p>\n\n\n\n
US Federal Reserve Chairman Jerome Powell said that the economy has a “long way to go” in order to recover and that the central bank pledges to use all its tools to support the recovery.<\/p>\n\n\n\n
Meanwhile, data showed that retail sales in the United States increased less-than-expected in October.<\/p>\n\n\n\n
And gold, which is considered a hedge against inflation and currency fluctuations, has gained more than 24% this year, as it has benefited mainly from the huge global stimulus. Silver rose 0.1% to $ 24.48 an ounce, and palladium rose 0.3% to $ 2323.74. Platinum rose 0.6% to $ 930.4.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve. Spot gold rose 0.1% to $ 1880.81 an ounce by 07:07 GMT, …<\/p>\n","protected":false},"author":9,"featured_media":30995,"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-37327","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\/37327","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=37327"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37327\/revisions"}],"predecessor-version":[{"id":37328,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37327\/revisions\/37328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30995"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}