{"id":38968,"date":"2020-12-22T15:00:47","date_gmt":"2020-12-22T11:00:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=38968"},"modified":"2020-12-22T15:00:52","modified_gmt":"2020-12-22T11:00:52","slug":"gold-dropping-as-us-dollars-strength-overwhelmed-the-stimulus-package","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-dropping-as-us-dollars-strength-overwhelmed-the-stimulus-package\/12\/22\/market-updates\/","title":{"rendered":"Gold Dropping as US Dollar\u2019s Strength Overwhelmed the Stimulus Package"},"content":{"rendered":"\n<p>Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress&#8217;s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales.<\/p>\n\n\n\n<p>And gold fell in the spot market 0.3% to 1870.69 dollars an ounce by 0702 GMT. The metal fell in US futures trading by the same amount, to $1876.90.<\/p>\n\n\n\n<p>Gold is up 23% this year, mainly driven by a series of stimulus measures due to the pandemic, raising fears of inflation. The precious metal is often used as a hedge against inflation.<\/p>\n\n\n\n<p>As for the other precious metals, silver fell 1.6% to $25.74 an ounce. Platinum fell 2% to $989.27, while palladium rose 0.1% to $ 2,310.75.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress&#8217;s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market 0.3% to 1870.69 dollars an &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-38968","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\/38968","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=38968"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38968\/revisions"}],"predecessor-version":[{"id":38969,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38968\/revisions\/38969"}],"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=38968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}