{"id":49032,"date":"2021-08-04T11:32:38","date_gmt":"2021-08-04T07:32:38","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49032"},"modified":"2021-08-04T11:32:40","modified_gmt":"2021-08-04T07:32:40","slug":"gold-rises-on-weak-dollar-ahead-of-us-jobs-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-on-weak-dollar-ahead-of-us-jobs-data\/08\/04\/market-updates\/","title":{"rendered":"Gold Rises on Weak Dollar Ahead of US Jobs Data"},"content":{"rendered":"\n<p>Gold prices rose on Wednesday, August 4th, supported by the weak dollar, but the rise in precious metal prices remained in a narrow range, as investors awaited indications from the US jobs data regarding the recovery of the labor market.<\/p>\n\n\n\n<p>Spot gold rose 0.2% to $1,813.31 an ounce, while US gold futures rose 0.1% to $1,816.<\/p>\n\n\n\n<p>Dovish comments from US Federal Reserve Chairman Jerome Powell, ruling out an interest rate hike, pushed gold up more than 1% while the dollar fell to its lowest level in a month.<\/p>\n\n\n\n<p>Low-interest rates reduce the opportunity cost of holding the non-yielding yellow metal.<\/p>\n\n\n\n<p>Regarding other precious metals, silver prices rose 0.4% to $ 25.64 an ounce, and platinum and palladium rose 0.2% to 1051.17 and $ 2652.99 an ounce, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Wednesday, August 4th, supported by the weak dollar, but the rise in precious metal prices remained in a narrow range, as investors awaited indications from the US jobs data regarding the recovery of the labor market. Spot gold rose 0.2% to $1,813.31 an ounce, while US gold futures rose 0.1% to &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-49032","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\/49032","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=49032"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49032\/revisions"}],"predecessor-version":[{"id":49033,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49032\/revisions\/49033"}],"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=49032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}