{"id":49962,"date":"2021-08-26T13:48:09","date_gmt":"2021-08-26T09:48:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49962"},"modified":"2021-08-26T13:48:13","modified_gmt":"2021-08-26T09:48:13","slug":"gold-falls-as-the-dollar-rises-ahead-of-jackson-hole","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-falls-as-the-dollar-rises-ahead-of-jackson-hole\/08\/26\/market-updates\/","title":{"rendered":"Gold Falls as The Dollar Rises, Ahead of Jackson Hole"},"content":{"rendered":"\n<p>Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus.<\/p>\n\n\n\n<p>And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to $ 1785.<\/p>\n\n\n\n<p>The dollar index rose 0.1%, putting pressure on the yellow metal, which is denominated in the US currency.<\/p>\n\n\n\n<p>Jerome Powell is scheduled to speak at the US central bank&#8217;s annual economic seminar in Jackson Hole, Wyoming, on Friday.<\/p>\n\n\n\n<p>While an increasing number of Federal Reserve officials debate the possibility of curtailing the bond-buying program, the increase in infections with the mutated strain Delta strain of the Coronavirus is casting a shadow of uncertainty on that view.<\/p>\n\n\n\n<p>Gold is considered a hedge against inflation and currency instability. The Fed&#8217;s cut in stimulus will remedy both, reducing gold&#8217;s appeal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus. And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to $ 1785. The dollar index &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32631,"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-49962","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\/49962","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=49962"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49962\/revisions"}],"predecessor-version":[{"id":49963,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49962\/revisions\/49963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32631"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}