Gold prices rose Thursday, January 7th, as a democratic sweep of the re-election in Georgia boosted expectations of additional US stimulus, although the rise in Treasury yields curbed the yellow metal to below a two-month high it reached in the previous session.<\/p>\n\n\n\n
Gold advanced in spot transactions to more than $1900 an ounce during the session. And US gold futures rose 1% to 1927 dollars.<\/p>\n\n\n\n
Prices have fallen to more than 2% after reaching the highest level since the ninth of November on Wednesday, as US Treasury yields jumped over ten years by more than 1% for the first time since March.<\/p>\n\n\n\n
Inflation expectations rose in the United States, anticipating more stimulus after the Democrats won control of the Senate after a two-seat run-off victory in Georgia.<\/p>\n\n\n\n
Many investors consider the yellow metal, which does not yield a return, as a hedge in the face of inflation and a depreciating currency, which are what investors fear will result from the greater stimulus measures.<\/p>\n\n\n\n
Gold’s advance was curbed by US bond yields remaining above 1%, which helped the dollar recover from its lowest level in several years. The rise in the dollar increases the cost of gold for holders of the rest of the currencies.<\/p>\n\n\n\n
As for the other precious metals, silver has dropped to more than $ 27 an ounce. Platinum rose to $ 1,104, while palladium rose to $ 2,454.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rose Thursday, January 7th, as a democratic sweep of the re-election in Georgia boosted expectations of additional US stimulus, although the rise in Treasury yields curbed the yellow metal to below a two-month high it reached in the previous session. Gold advanced in spot transactions to more than $1900 an ounce during the …<\/p>\n","protected":false},"author":9,"featured_media":39127,"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-39537","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\/39537","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=39537"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39537\/revisions"}],"predecessor-version":[{"id":39539,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39537\/revisions\/39539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39127"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=39537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}