{"id":43217,"date":"2021-03-22T14:07:11","date_gmt":"2021-03-22T10:07:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43217"},"modified":"2021-03-22T14:07:16","modified_gmt":"2021-03-22T10:07:16","slug":"gold-falling-and-lira-pushes-dollar-up","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-falling-and-lira-pushes-dollar-up\/03\/22\/market-updates\/","title":{"rendered":"Gold Falling And Lira Pushes Dollar up"},"content":{"rendered":"\n<p>Gold prices fell as investors preferred alternative safe-haven assets such as the US dollar and bonds after Turkey\u2019s surprising decision to appoint a new central bank governor who was known to criticize high interest rates, which led to uncertainty over fiscal policy.<\/p>\n\n\n\n<p>Gold fell in the spot market 0.5 percent to $1736.71 an ounce in Asian trading, and it had lost 0.7 percent earlier in the session. And gold fell in futures trading in the United States 0.2% to 1738.80 dollars an ounce.<\/p>\n\n\n\n<p>Turkish President Recep Tayyip Erdogan dismissed the governor of the Central Bank, who supports tightening monetary policy, and replaced him with an opponent of these policies, on Saturday, in a surprise move that raised concerns about the impact of this on financial markets and supported the dollar as a safe-haven currency.<\/p>\n\n\n\n<p>Dollar-denominated gold has lost safe haven flows in favor of the yen and bonds.<\/p>\n\n\n\n<p>In terms of other precious metals, palladium rose 0.2% to $2,639.92, silver fell 2.5% to $25.60, and platinum also lost 1.3% to $1181.30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell as investors preferred alternative safe-haven assets such as the US dollar and bonds after Turkey\u2019s surprising decision to appoint a new central bank governor who was known to criticize high interest rates, which led to uncertainty over fiscal policy. Gold fell in the spot market 0.5 percent to $1736.71 an ounce in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30995,"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-43217","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\/43217","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=43217"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43217\/revisions"}],"predecessor-version":[{"id":43218,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43217\/revisions\/43218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30995"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}