{"id":41131,"date":"2021-02-08T13:28:54","date_gmt":"2021-02-08T09:28:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41131"},"modified":"2021-02-08T13:28:56","modified_gmt":"2021-02-08T09:28:56","slug":"gold-rises-on-dollars-fall-and-us-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-on-dollars-fall-and-us-stimulus-hopes\/02\/08\/market-updates\/","title":{"rendered":"Gold Rises on Dollar&#8217;s Fall and US Stimulus Hopes"},"content":{"rendered":"\n<p>Gold prices rose, as weak US jobs data boosted hopes of more fiscal stimulus and put pressure on the dollar, although the rise in treasury instrument yields limited the metal&#8217;s gains.<\/p>\n\n\n\n<p>The spot price of gold was 0.1% up to $ 1813.96 an ounce. US gold futures rose 0.1% to $ 1815.50.<\/p>\n\n\n\n<p>The dollar slipped from a two-month high on Friday after weak US jobs data fueled concerns about a slow US recovery.<\/p>\n\n\n\n<p>But the rise in Treasury yields for ten years to their highest level since March of last year limited gold&#8217;s gains. Higher returns increase the opportunity cost of holding the non-revenue metal.<\/p>\n\n\n\n<p>In other precious metals, silver rose 0.6% in spot transactions to $ 26.99 an ounce, platinum rose 0.9% to $ 1133.75, and palladium advanced 0.3% to $ 2343.59 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose, as weak US jobs data boosted hopes of more fiscal stimulus and put pressure on the dollar, although the rise in treasury instrument yields limited the metal&#8217;s gains. The spot price of gold was 0.1% up to $ 1813.96 an ounce. US gold futures rose 0.1% to $ 1815.50. The dollar slipped &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-41131","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\/41131","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=41131"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41131\/revisions"}],"predecessor-version":[{"id":41132,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41131\/revisions\/41132"}],"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=41131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}