{"id":45448,"date":"2021-05-06T13:14:43","date_gmt":"2021-05-06T09:14:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=45448"},"modified":"2021-05-06T13:14:44","modified_gmt":"2021-05-06T09:14:44","slug":"gold-rises-supported-by-declining-bond-yields-and-focus-on-us-jobs-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-supported-by-declining-bond-yields-and-focus-on-us-jobs-data\/05\/06\/market-updates\/","title":{"rendered":"Gold Rises Supported by Declining Bond Yields And Focus on US Jobs Data"},"content":{"rendered":"\n<p>Gold prices rose Thursday, May 6, as a decline in US Treasury bond yields offset pressure from the dollar\u2019s \u200b\u200brally, while investors awaited US non-farm payrolls data for April, which is scheduled for release later this week.<\/p>\n\n\n\n<p>Spot gold rose 0.2% to $1789.22 an ounce. US gold futures advanced 0.2% to $1788.20.<\/p>\n\n\n\n<p>The yields of record 10-year US Treasury bonds hovered near the low of a week they reached on Tuesday, reducing the opportunity cost of owning gold that does not yield a return.<\/p>\n\n\n\n<p>Meanwhile, the dollar index hovered near its two-week high it reached on Wednesday.<\/p>\n\n\n\n<p>As for the other precious metals, palladium rose 0.1% to $2,975.18 an ounce, after hitting an all-time high of $3,017.18 on Tuesday, supported by a supply shortfall.<\/p>\n\n\n\n<p>Silver settled at $26.49 an ounce, while platinum fell 0.5% to $1218.81.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose Thursday, May 6, as a decline in US Treasury bond yields offset pressure from the dollar\u2019s \u200b\u200brally, while investors awaited US non-farm payrolls data for April, which is scheduled for release later this week. Spot gold rose 0.2% to $1789.22 an ounce. US gold futures advanced 0.2% to $1788.20. The yields of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31385,"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-45448","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\/45448","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=45448"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45448\/revisions"}],"predecessor-version":[{"id":45449,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45448\/revisions\/45449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31385"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=45448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=45448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=45448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}