{"id":38696,"date":"2020-12-16T12:29:44","date_gmt":"2020-12-16T08:29:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=38696"},"modified":"2020-12-16T12:29:48","modified_gmt":"2020-12-16T08:29:48","slug":"gold-reaches-its-highest-level-in-a-week-due-to-bets-on-us-stimulus-and-anticipation-of-the-feds-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-reaches-its-highest-level-in-a-week-due-to-bets-on-us-stimulus-and-anticipation-of-the-feds-decision\/12\/16\/market-updates\/","title":{"rendered":"Gold Reaches Its Highest Level in a Week Due to Bets on US Stimulus And Anticipation of The Fed\u2019s Decision"},"content":{"rendered":"\n<p>Gold prices rose on Wednesday, December 16th, to their highest level in a week, as the yellow metal was based on a rise in the previous session thanks to hopes for more US stimulus, while investors awaited the US Federal Reserve&#8217;s policy decision.<\/p>\n\n\n\n<p>Spot gold rose 0.1% to $1854.51 an ounce by 05:37 GMT, after reaching its highest level since December 9 at $1858.13. And US gold futures rose 0.2% to $1859.60.<\/p>\n\n\n\n<p>Investors are now awaiting the latest policy statement for this year by the US Federal Reserve, due to be released at 19:00 GMT, as the Council is expected to keep interest rates at zero.<\/p>\n\n\n\n<p>Many analysts are expecting new guiding forecasts about how long the board will maintain its massive bond-buying program. But gold&#8217;s gains were curbed by what appeared to be preparedness for a Covid-19 vaccine developed by Moderna to receive regulatory approval in the United States this week, supporting Asian stocks.<\/p>\n\n\n\n<p>Platinum, which is used in the automotive industry, rose 0.5% to $ 1041.35 an ounce, after hitting its highest level in more than a week at $ 1045 earlier in the session.<br>Silver rose 0.7% to $ 24.66 an ounce and palladium profit 0.7% to $ 2335.07.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Wednesday, December 16th, to their highest level in a week, as the yellow metal was based on a rise in the previous session thanks to hopes for more US stimulus, while investors awaited the US Federal Reserve&#8217;s policy decision. Spot gold rose 0.1% to $1854.51 an ounce by 05:37 GMT, after &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-38696","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\/38696","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=38696"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38696\/revisions"}],"predecessor-version":[{"id":38697,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38696\/revisions\/38697"}],"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=38696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}