{"id":43786,"date":"2021-04-01T12:52:01","date_gmt":"2021-04-01T08:52:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43786"},"modified":"2021-04-01T12:52:04","modified_gmt":"2021-04-01T08:52:04","slug":"gold-recovering-from-a-3-week-low-as-the-dollars-rise-has-been-halted","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-recovering-from-a-3-week-low-as-the-dollars-rise-has-been-halted\/04\/01\/market-updates\/","title":{"rendered":"Gold Recovering From a 3-Week Low as The Dollar&#8217;s Rise Has Been Halted"},"content":{"rendered":"\n<p>Gold rose again Thursday, April 1, from a three-week low it reached in the previous session, as the US dollar and Treasury yields declined, while President Joe Biden&#8217;s plan of more than $2 trillion for jobs provided further support for the yellow metal&#8217;s appeal as a hedge against inflation.<\/p>\n\n\n\n<p>And gold rose in immediate trading 0.4% to 1713.55 dollars an ounce by, after touching its lowest level since the eighth of March at 1677.61 dollars on Wednesday. And US gold futures fell 0.2% to 1712.30 dollars an ounce.<\/p>\n\n\n\n<p>The dollar index declined after reaching a multi-month high on Wednesday, which reduces the cost of gold to holders of other currencies.<\/p>\n\n\n\n<p>Biden announced the second legislative proposal worth several trillions of dollars within two months of taking office, and includes 621 billion dollars to rebuild the infrastructure.<\/p>\n\n\n\n<p>Gold is seen as a hedge in the face of rising inflation that may follow stimulus measures, but a recent increase in US Treasury yields has put pressure on the yellow metal, which does not yield any returns.<\/p>\n\n\n\n<p>As for the other precious metals, silver fell 0.3% to $24.31, while platinum fell 0.4% to $1182.04, and palladium settled unchanged at $2,618.31.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rose again Thursday, April 1, from a three-week low it reached in the previous session, as the US dollar and Treasury yields declined, while President Joe Biden&#8217;s plan of more than $2 trillion for jobs provided further support for the yellow metal&#8217;s appeal as a hedge against inflation. And gold rose in immediate trading &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-43786","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\/43786","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=43786"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43786\/revisions"}],"predecessor-version":[{"id":43787,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43786\/revisions\/43787"}],"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=43786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}