{"id":49397,"date":"2021-08-14T03:36:37","date_gmt":"2021-08-13T23:36:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49397"},"modified":"2021-08-14T03:36:40","modified_gmt":"2021-08-13T23:36:40","slug":"gold-logs-weekly-gains-as-usd-drops","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-logs-weekly-gains-as-usd-drops\/08\/14\/market-updates\/","title":{"rendered":"Gold Logs Weekly Gains as USD Drops"},"content":{"rendered":"\n<p>Gold prices rose on Friday after the dollar declined as the U.S. consumer sentiment dropped to its lowest level in a decade.<\/p>\n\n\n\n<p>Accordingly, the yellow metal turned higher for the week as demand for safe havens improved. The U.S. Dollar Index (DXY) which measures the greenback against a basket of international peers dropped to its lowest level in a week earlier today, which provided additional support for gold.<\/p>\n\n\n\n<p>Gold futures for December delivery surged by $26.40, or 1.5%, to close at $1,778.20 per ounce, to turn to a weekly increase of 0.86%.<\/p>\n\n\n\n<p>Today marked the biggest daily gain for the yellow metal\u2019s most-active contract since July 29 and the highest weekly rise since July 9.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Friday after the dollar declined as the U.S. consumer sentiment dropped to its lowest level in a decade. Accordingly, the yellow metal turned higher for the week as demand for safe havens improved. The U.S. Dollar Index (DXY) which measures the greenback against a basket of international peers dropped to its &hellip;<\/p>\n","protected":false},"author":10,"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-49397","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\/49397","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=49397"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49397\/revisions"}],"predecessor-version":[{"id":49398,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49397\/revisions\/49398"}],"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=49397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}