{"id":50267,"date":"2021-09-02T15:35:47","date_gmt":"2021-09-02T11:35:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50267"},"modified":"2021-09-02T15:35:51","modified_gmt":"2021-09-02T11:35:51","slug":"gold-stable-as-investors-await-us-jobs-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-stable-as-investors-await-us-jobs-data\/09\/02\/market-updates\/","title":{"rendered":"Gold Stable as Investors Await US Jobs Data"},"content":{"rendered":"\n<p>Gold prices stabilized as investors held off large bets in anticipation of a US non-farm payrolls reading seen as critical to the schedule for the Federal Reserve&#8217;s tapering of stimulus.<\/p>\n\n\n\n<p>There was little change in gold in spot trading at $1814.58 an ounce by 0646 GMT, while gold was trading stable in futures trading in the United States at $1816.50.<\/p>\n\n\n\n<p>While US jobless claims data is due by 12:30 GMT later today, the Labor Department will publish the August non-farm payrolls report on Friday.<\/p>\n\n\n\n<p>And 80 economists polled by Reuters expect jobs added in August to average 728,000.<\/p>\n\n\n\n<p>And Jerome Powell, Federal Reserve Chairman, said last week that the recovery of the labor market will determine when the US central bank will start reducing its purchases of assets.<\/p>\n\n\n\n<p>Gold is seen as a hedge against inflation and currency instability caused by large stimulus measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized as investors held off large bets in anticipation of a US non-farm payrolls reading seen as critical to the schedule for the Federal Reserve&#8217;s tapering of stimulus. There was little change in gold in spot trading at $1814.58 an ounce by 0646 GMT, while gold was trading stable in futures trading in &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-50267","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\/50267","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=50267"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50267\/revisions"}],"predecessor-version":[{"id":50268,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50267\/revisions\/50268"}],"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=50267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}