{"id":40200,"date":"2021-01-20T14:07:53","date_gmt":"2021-01-20T10:07:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40200"},"modified":"2021-01-20T14:07:54","modified_gmt":"2021-01-20T10:07:54","slug":"gold-is-gaining-as-the-dollar-weakens-on-us-stimulus-outlook","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-gaining-as-the-dollar-weakens-on-us-stimulus-outlook\/01\/20\/market-updates\/","title":{"rendered":"Gold is Gaining as The Dollar Weakens on US Stimulus Outlook"},"content":{"rendered":"\n<p>Gold prices rose today, Wednesday, as the dollar retreated after Janet Yellen, a candidate for the position of US Treasury Secretary, stressed the need for a major stimulus to help the economy recover from the Coronavirus crisis, which boosted the demand for the yellow metal as a hedge.<\/p>\n\n\n\n<p>On Tuesday, Yellen urged policymakers to approve large spending on aid to mitigate the repercussions of the Corona pandemic, adding that the benefits will outweigh the costs of a larger debt burden.<\/p>\n\n\n\n<p>Spot gold gained 0.6% to $ 1,850 an ounce. US gold futures added 0.5% to $ 1,850.<\/p>\n\n\n\n<p>As for the other precious metals, silver rose 0.8% to $ 25 an ounce. Platinum rose 1.1% to $ 1,095 and palladium profit 0.6% to $ 2,367.<\/p>\n\n\n\n<p>The dollar retreated further from a 4-week high it reached earlier this week, while most US Treasury bond yields declined after Yellen called for the cancellation of large corporate tax cuts introduced in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose today, Wednesday, as the dollar retreated after Janet Yellen, a candidate for the position of US Treasury Secretary, stressed the need for a major stimulus to help the economy recover from the Coronavirus crisis, which boosted the demand for the yellow metal as a hedge. On Tuesday, Yellen urged policymakers to approve &hellip;<\/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-40200","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\/40200","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=40200"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40200\/revisions"}],"predecessor-version":[{"id":40201,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40200\/revisions\/40201"}],"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=40200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}