Gold prices stabilized today, Friday, and is heading towards achieving its first weekly gain in 4 weeks, as the dollar retreated due to growing hopes for an American stimulus, and before the release NFP due at a later time. Today.<\/p>\n\n\n\n
The gold spot was little changed at $1840.75 an ounce, before Asian market close. US gold futures rose 0.2% to $ 1844.10.<\/p>\n\n\n\n
Gold has added about 3% since the beginning of this week.<\/p>\n\n\n\n
The dollar is on its way to its worst weekly performance since early November, reducing the price of gold to holders of other currencies.<\/p>\n\n\n\n
A $ 908 billion, bipartisan aid plan for coronavirus relief in the United States gained momentum in the US Congress on Thursday, as conservative lawmakers showed their support.<\/p>\n\n\n\n
The yellow metal was also supported after Pfizer lowered its target to distribute its COVID-19 vaccine.<\/p>\n\n\n\n
As for the other precious metals, platinum gained 0.8% to $ 1037.67 an ounce, and palladium gained 1.7% to $ 2340.32.<\/p>\n\n\n\n
Silver was down 0.1% to $ 24.03 an ounce, but is on track to rise 5.8% for the week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices stabilized today, Friday, and is heading towards achieving its first weekly gain in 4 weeks, as the dollar retreated due to growing hopes for an American stimulus, and before the release NFP due at a later time. Today. The gold spot was little changed at $1840.75 an ounce, before Asian market close. US …<\/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-38120","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\/38120","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=38120"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38120\/revisions"}],"predecessor-version":[{"id":38121,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38120\/revisions\/38121"}],"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=38120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}