{"id":50054,"date":"2021-08-30T14:13:32","date_gmt":"2021-08-30T10:13:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50054"},"modified":"2021-08-30T14:13:34","modified_gmt":"2021-08-30T10:13:34","slug":"gold-prices-drop-after-the-federal-reserve","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-drop-after-the-federal-reserve\/08\/30\/market-updates\/","title":{"rendered":"Gold Prices Drop After The Federal Reserve"},"content":{"rendered":"\n<p>Gold prices fell on Monday, August 30, as risk appetite improved after US Federal Reserve Chairman Jerome Powell calmed market fears of a rapid withdrawal of stimulus applied to mitigate the impact of the Coronavirus pandemic, reducing the yellow metal&#8217;s safe-haven appeal.<\/p>\n\n\n\n<p>Spot gold fell 0.2% to $1,813.76 an ounce by 07:27 GMT.<\/p>\n\n\n\n<p>Earlier in the session, gold rose to its highest level since August 4th to $1,822.92. US gold futures fell 0.2% to $1,816.50.<\/p>\n\n\n\n<p>During an online speech at the Jackson Hole Economic Conference, Powell gave no indication of when the central bank planned for tapering but said it might be &#8220;this year&#8221;.<\/p>\n\n\n\n<p>He indicated that he would remain cautious in any final decision to raise interest rates.<\/p>\n\n\n\n<p>Powell&#8217;s dovish comments helped gold rise 1.4% on Friday while pushing the US dollar index to a two-week low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Monday, August 30, as risk appetite improved after US Federal Reserve Chairman Jerome Powell calmed market fears of a rapid withdrawal of stimulus applied to mitigate the impact of the Coronavirus pandemic, reducing the yellow metal&#8217;s safe-haven appeal. Spot gold fell 0.2% to $1,813.76 an ounce by 07:27 GMT. Earlier in &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-50054","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\/50054","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=50054"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50054\/revisions"}],"predecessor-version":[{"id":50055,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50054\/revisions\/50055"}],"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=50054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}