{"id":47732,"date":"2021-06-30T13:46:44","date_gmt":"2021-06-30T09:46:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47732"},"modified":"2021-06-30T13:46:46","modified_gmt":"2021-06-30T09:46:46","slug":"gold-on-record-the-path-of-the-largest-monthly-decline-in-nearly-5-years","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-on-record-the-path-of-the-largest-monthly-decline-in-nearly-5-years\/06\/30\/market-updates\/","title":{"rendered":"Gold on Record The Path of The Largest Monthly Decline in Nearly 5 Years"},"content":{"rendered":"\n<p>Gold hovered around a two-month low on Wednesday, June 30, as investors awaited US jobs data for greater clarity on the US Federal Reserve&#8217;s stance on policy, while the yellow metal headed for its worst monthly decline since November 2016.<\/p>\n\n\n\n<p>And gold fell in spot transactions 0.2% to $ 1757.76 an ounce, after touching its lowest level since April 15 at $1749.20 on Tuesday. US gold futures lost 0.3% to $1,757.80.<\/p>\n\n\n\n<p>The price of the precious metal has fallen 7.8% since the beginning of this month, as it was pressured by a sudden shift of the US central bank towards monetary tightening. But it is up 2.9% in the current quarter.<\/p>\n\n\n\n<p>Non-farm payrolls in the United States are expected to increase by 690,000 this month, compared to 559,000 in May, according to a Reuters poll.<\/p>\n\n\n\n<p>The US Federal Reserve&#8217;s raising of interest rates increases the opportunity cost of holding the yellow metal, reducing its attractiveness.<\/p>\n\n\n\n<p>As for other precious metals, silver rose 0.1% to $25.78 an ounce. And palladium rose 0.4% to $ 2688.83 and is heading towards achieving gains for the fourth consecutive quarter.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold hovered around a two-month low on Wednesday, June 30, as investors awaited US jobs data for greater clarity on the US Federal Reserve&#8217;s stance on policy, while the yellow metal headed for its worst monthly decline since November 2016. And gold fell in spot transactions 0.2% to $ 1757.76 an ounce, after touching its &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30914,"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-47732","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\/47732","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=47732"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47732\/revisions"}],"predecessor-version":[{"id":47733,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47732\/revisions\/47733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30914"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=47732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}