{"id":42009,"date":"2021-02-24T23:38:17","date_gmt":"2021-02-24T19:38:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=42009"},"modified":"2021-02-24T23:38:19","modified_gmt":"2021-02-24T19:38:19","slug":"gold-prices-fall-for-second-day","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-fall-for-second-day\/02\/24\/market-updates\/","title":{"rendered":"Gold Prices Fall for Second Day"},"content":{"rendered":"\n<p>Gold prices declined on Wednesday for the second consecutive session, losing the important $1,800 support level.<\/p>\n\n\n\n<p>The decline in the yellow metal prices came amid a continuous rise in the U.S. Treasury bond yields that reached their highest level in about a year.<\/p>\n\n\n\n<p>Gold futures for April delivery declined by $8, or 0.4%, to close at the level of $1,797.90 per ounce.<\/p>\n\n\n\n<p>Earlier today, Goldman Sachs lowered its forecast for gold prices, due to the rising real interest rates and treasury yields affecting the yellow metal.<\/p>\n\n\n\n<p>However, Goldman still expects a rise in gold prices, setting a new target price at $2,000 per ounce, compared with its previous expectations at $2,300 an ounce.<\/p>\n\n\n\n<p>The expectations for a rise in gold prices come amid a decline in the U.S. Dollar (USD).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices declined on Wednesday for the second consecutive session, losing the important $1,800 support level. The decline in the yellow metal prices came amid a continuous rise in the U.S. Treasury bond yields that reached their highest level in about a year. Gold futures for April delivery declined by $8, or 0.4%, to close &hellip;<\/p>\n","protected":false},"author":10,"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-42009","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\/42009","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=42009"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42009\/revisions"}],"predecessor-version":[{"id":42010,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42009\/revisions\/42010"}],"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=42009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}