{"id":42591,"date":"2021-03-08T13:11:32","date_gmt":"2021-03-08T09:11:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=42591"},"modified":"2021-03-08T13:11:35","modified_gmt":"2021-03-08T09:11:35","slug":"gold-is-recovering-from-its-9-month-low-on-the-us-stimulus-and-falling-bond-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-recovering-from-its-9-month-low-on-the-us-stimulus-and-falling-bond-yields\/03\/08\/market-updates\/","title":{"rendered":"Gold is Recovering From Its 9-Month Low on The US Stimulus And Falling Bond Yields"},"content":{"rendered":"\n<p>Gold rebounded today from its lowest level in nine months recorded last week, with the decline in bond yields and the approval of a huge US stimulus package to increase the attractiveness of the metal as a hedging tool in the face of inflation.<\/p>\n\n\n\n<p>Gold rose in the spot market 0.1% to$ 1701.81 an ounce, after hitting its lowest level since the eighth of June at $1686.40 on Friday aand the metal in US futures rose 0.1% to $1,700.90.<\/p>\n\n\n\n<p>The yield on US Treasury bonds for ten years has stabilized below the peak of more than a year recorded on Friday, which reduces the opportunity cost of possessing gold that does not yield a return.<\/p>\n\n\n\n<p>The precious metal was supported by the US Senate approval of a $1.9 trillion relief package on Saturday.<\/p>\n\n\n\n<p>The dollar hovered near its three-month peak on Friday, which raises the cost of gold for holders of other currencies.<\/p>\n\n\n\n<p>Silver increased 0.9% to $25.40 an ounce. Palladium rose 0.2% to $2,344.07, and platinum rose 0.2% to $1,132.12 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rebounded today from its lowest level in nine months recorded last week, with the decline in bond yields and the approval of a huge US stimulus package to increase the attractiveness of the metal as a hedging tool in the face of inflation. Gold rose in the spot market 0.1% to$ 1701.81 an ounce, &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-42591","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\/42591","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=42591"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42591\/revisions"}],"predecessor-version":[{"id":42592,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42591\/revisions\/42592"}],"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=42591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}