{"id":37994,"date":"2020-12-02T17:38:59","date_gmt":"2020-12-02T13:38:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=37994"},"modified":"2020-12-02T17:39:03","modified_gmt":"2020-12-02T13:39:03","slug":"gold-rises-to-a-week-high-on-the-back-of-the-dollars-decline-and-hopes-of-us-stimulus","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-to-a-week-high-on-the-back-of-the-dollars-decline-and-hopes-of-us-stimulus\/12\/02\/market-updates\/","title":{"rendered":"Gold Rises to a Week High on The Back of The Dollar&#8217;s Decline And Hopes of US Stimulus"},"content":{"rendered":"\n<p>Gold rose Wednesday, December 2, to its highest level in more than a week, supported by the dollar&#8217;s decline, while signs of progress in discussions on a new US stimulus package to mitigate the repercussions of the Covid-19 pandemic boosted the appetite for the precious metal as a hedge against potential inflation.<\/p>\n\n\n\n<p>Republican Senate Majority Leader Mitch McConnell urged Congress to pass a $ 1.4 trillion spending bill that includes incentives to mitigate the repercussions of the pandemic, while some members of the Senate and House of Representatives proposed aid measures worth $ 908 billion.<\/p>\n\n\n\n<p>By 12:00 GMT, spot gold rose 0.6% to $ 1825.41 an ounce, after reaching $ 1832.20 an ounce earlier, its highest level since November 24. US gold futures rose 0.6% to $ 1829.30 an ounce.<\/p>\n\n\n\n<p>Gold recorded its worst monthly performance in four years in November, due to optimism about an economic recovery supported by the start of the use of vaccines against the Coronavirus.<\/p>\n\n\n\n<p>As for the other precious metals, silver rose 0.4% to $ 24.10 an ounce. Platinum rose 1% to $ 1009.47 an ounce. Palladium fell 0.2% to $ 2,402.46 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rose Wednesday, December 2, to its highest level in more than a week, supported by the dollar&#8217;s decline, while signs of progress in discussions on a new US stimulus package to mitigate the repercussions of the Covid-19 pandemic boosted the appetite for the precious metal as a hedge against potential inflation. Republican Senate Majority &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-37994","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\/37994","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=37994"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37994\/revisions"}],"predecessor-version":[{"id":37995,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37994\/revisions\/37995"}],"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=37994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}