Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues.<\/p>\n\n\n\n
Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of this week. US gold futures gained 0.5% to $ 1741.60.<\/p>\n\n\n\n
The US benchmark yields fell for ten years after rising to the highest level in more than a year at 1.754 percent on Thursday, while the dollar gave up the gains it made in early trading.<\/p>\n\n\n\n
The Federal Reserve this week reiterated its pledge to keep interest rates near zero and forecast higher economic growth and inflation this year.<\/p>\n\n\n\n
Gold is usually used as a hedge against high inflation, but a strong recent rise in US Treasury yields has weighed on the precious metal that does not yield any returns.<\/p>\n\n\n\n
As for the other precious metals, palladium fell 2.8$ to $2608.25 an ounce, after rising 7.3% in the previous session.<\/p>\n\n\n\n
The metal, used as a catalyst in the auto sector, is on track for a weekly jump of 11%, the largest since early November.<\/p>\n\n\n\n
Silver settled at $26.05 an ounce, and platinum fell 0.9 percent to $ 1196.69.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of this week. US gold futures …<\/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-43143","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\/43143","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=43143"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43143\/revisions"}],"predecessor-version":[{"id":43144,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43143\/revisions\/43144"}],"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=43143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}