{"id":48364,"date":"2021-07-14T13:42:22","date_gmt":"2021-07-14T09:42:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48364"},"modified":"2021-07-14T13:42:24","modified_gmt":"2021-07-14T09:42:24","slug":"gold-is-rising-due-to-the-decline-in-usd-and-us-bond-yields-before-powells-speech","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-rising-due-to-the-decline-in-usd-and-us-bond-yields-before-powells-speech\/07\/14\/market-updates\/","title":{"rendered":"Gold is Rising Due to The Decline in USD And US Bond Yields Before Powell&#8217;s Speech"},"content":{"rendered":"\n<p>Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar, while the focus is now on US Federal Reserve Chairman Jerome Powell&#8217;s speech to Congress later today after the strong rise in consumer prices.<\/p>\n\n\n\n<p>And gold rose in the spot market 0.4% to $ 1814.13 an ounce, while it increased in futures trading in the United States 0.3% to $ 1814.5.<\/p>\n\n\n\n<p>The dollar index fell 0.2%, after posting its best daily percentage gain in nearly a month on Tuesday. Ten-year Treasury yields also fell.<\/p>\n\n\n\n<p>Data on Tuesday showed US consumer prices rose in June by the most in 13 years. Attention now turns to Powell&#8217;s testimony before Congress to elicit any trends towards increasing price pressures and the possibility of monetary policy tightening.<\/p>\n\n\n\n<p>Gold prices fell 7% last month after the US Federal Reserve indicated that interest rates would be increased faster than expected.<\/p>\n\n\n\n<p>On the level of other precious metals, silver rose 0.5% to $ 26.10 an ounce, palladium increased 0.4% to $ 2838.18, and platinum rose 0.6% to $ 1111.23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar, while the focus is now on US Federal Reserve Chairman Jerome Powell&#8217;s speech to Congress later today after the strong rise in consumer prices. And gold rose in the spot market 0.4% to $ 1814.13 an &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-48364","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\/48364","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=48364"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48364\/revisions"}],"predecessor-version":[{"id":48365,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48364\/revisions\/48365"}],"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=48364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}