{"id":41357,"date":"2021-02-11T14:06:22","date_gmt":"2021-02-11T10:06:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41357"},"modified":"2021-02-11T14:06:23","modified_gmt":"2021-02-11T10:06:23","slug":"gold-is-falling-on-us-dollars-recovery-and-weaker-us-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-falling-on-us-dollars-recovery-and-weaker-us-inflation-data\/02\/11\/market-updates\/","title":{"rendered":"Gold is Falling on US Dollar&#8217;s Recovery And Weaker US Inflation Data"},"content":{"rendered":"\n<p>Gold fell as the dollar recovered from a two-week low it reached in the previous session and weaker inflation data in the United States dampened appetite for the yellow metal.<\/p>\n\n\n\n<p>Gold fell in immediate transactions 0.3% to $ 1837.13 an ounce, after reaching its highest level in more than a week on Wednesday.<\/p>\n\n\n\n<p>US gold futures fell 0.3% to $1,837.40.<\/p>\n\n\n\n<p>The US CPI for January was much lower than expected. Gold is a hedge against inflation.<\/p>\n\n\n\n<p>Jerome Powell, chairman of the US Federal Reserve, emphasized in a speech on Wednesday the need for fiscal policy and said it was not the time to focus on matters of federal debt.<\/p>\n\n\n\n<p>Investors are closely following the development of the passage of a $ 1.9 trillion dollar mitigation bill in the United States.<\/p>\n\n\n\n<p>As for other precious metals, platinum rose 0.3% to $ 1244.84 an ounce, after reaching a peak since February 2015 at $ 1,250 on Wednesday.<\/p>\n\n\n\n<p>In spot trading, silver fell 0.5% to $ 26.86, and palladium fell 0.6% to $ 2,340.94.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold fell as the dollar recovered from a two-week low it reached in the previous session and weaker inflation data in the United States dampened appetite for the yellow metal. Gold fell in immediate transactions 0.3% to $ 1837.13 an ounce, after reaching its highest level in more than a week on Wednesday. US gold &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32001,"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-41357","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\/41357","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=41357"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41357\/revisions"}],"predecessor-version":[{"id":41358,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41357\/revisions\/41358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32001"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}