{"id":39185,"date":"2020-12-30T11:12:02","date_gmt":"2020-12-30T07:12:02","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=39185"},"modified":"2020-12-30T11:16:00","modified_gmt":"2020-12-30T07:16:00","slug":"gold-rallied-as-the-dollar-fell-despite-postponing-a-vote-on-an-american-stimulus-package","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rallied-as-the-dollar-fell-despite-postponing-a-vote-on-an-american-stimulus-package\/12\/30\/market-updates\/","title":{"rendered":"Gold rallied as US Dollar Fell Despite Postponing a Vote on an American Stimulus Package"},"content":{"rendered":"\n<p>Gold prices rose on Wednesday, December 30, as the dollar fell, while investors ignored the Republican majority leader&#8217;s decision to postpone a vote in the US Senate on larger payments to mitigate the repercussions of the Coronavirus pandemic.<\/p>\n\n\n\n<p>Spot gold rose 0.2% to 1,881.62 dollars an ounce. And gold in \\futures rose 0.2% to $ 1886.20.<\/p>\n\n\n\n<p>The dollar hovered near its lowest level in more than two years, as dealers set aside the decision of Mitch McConnell, Republican majority leader in the Senate, to postpone a vote to increase aid to mitigate the repercussions of Covid-19 to two thousand dollars.<\/p>\n\n\n\n<p>Gold is seen as a hedge against inflation and a currency depreciating, likely caused by the massive stimulus measures being unveiled to curb the pandemic&#8217;s impact.<\/p>\n\n\n\n<p>As for the other precious metals, silver rose 0.5% to $ 26.31 an ounce, platinum gained 0.6% to $ 1055.62, and palladium increased 0.8% to $ 2,346.18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Wednesday, December 30, as the dollar fell, while investors ignored the Republican majority leader&#8217;s decision to postpone a vote in the US Senate on larger payments to mitigate the repercussions of the Coronavirus pandemic. Spot gold rose 0.2% to 1,881.62 dollars an ounce. And gold in \\futures rose 0.2% to $ &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30914,"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-39185","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\/39185","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=39185"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39185\/revisions"}],"predecessor-version":[{"id":39189,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39185\/revisions\/39189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30914"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=39185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}