Gold rose on Tuesday, January 26th, as the yellow metal’s appeal was strengthened as a hedge against inflation thanks to expectations of eventually passing a large US stimulus package, despite the strong dollar curbing the gains.<\/p>\n\n\n\n
This rose in spot transactions 0.1% to 1856.33 dollars an ounce and US gold futures gain 0.1% to $ 1856.80.<\/p>\n\n\n\n
Gold received more support, as the US Treasury 10-year bond yields hovered near the three-week low that it touched in the previous session, but the dollar rose 0.1% which increases the cost of gold to holders of other currencies.<\/p>\n\n\n\n
The US Federal Reserve is due to begin its two-day policy meeting later today. The easing of monetary policy adds pressure on government bond yields and benefits gold that does not yield a return.<\/p>\n\n\n\n
Despite expectations that the Fed will maintain its stance on monetary policy, investors will be watching its tone closely.<\/p>\n\n\n\n
As for the other precious metals, silver stabilized at $ 25.30 an ounce, platinum lost 1.3% to $ 1084.10, and palladium fell 0.1% to $ 2333.02.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold rose on Tuesday, January 26th, as the yellow metal’s appeal was strengthened as a hedge against inflation thanks to expectations of eventually passing a large US stimulus package, despite the strong dollar curbing the gains. This rose in spot transactions 0.1% to 1856.33 dollars an ounce and US gold futures gain 0.1% to $ …<\/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-40509","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\/40509","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=40509"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40509\/revisions"}],"predecessor-version":[{"id":40510,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40509\/revisions\/40510"}],"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=40509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}