{"id":51850,"date":"2021-10-04T15:06:54","date_gmt":"2021-10-04T11:06:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=51850"},"modified":"2021-10-04T15:06:56","modified_gmt":"2021-10-04T11:06:56","slug":"gold-falls-as-the-dollars-bleeding-stops","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-falls-as-the-dollars-bleeding-stops\/10\/04\/market-updates\/","title":{"rendered":"Gold Falls as The Dollar&#8217;s Bleeding Stops"},"content":{"rendered":"\n<p>Gold retreated from its highest level in more than a week on Monday, October 4, as US Treasury yields rose and the dollar compensated for some of its losses, but it remained above the technically important $1750 support level, supported by market fears of inflation.<\/p>\n\n\n\n<p>Spot gold fell 0.5% to $1,751.24 an ounce, after hitting its highest level since September 23, recording $1,765.54 an ounce earlier in the day. US gold futures fell 0.4% to $1,751.80.<\/p>\n\n\n\n<p>Reducing stimulus and increasing interest rates tend to push up government bond yields, increasing the cost of holding non-yielding gold.<\/p>\n\n\n\n<p>As for other precious metals, silver fell 0.5% to $22.41 an ounce, platinum fell 1.7% to $955.05 and palladium fell 1.4 percent to $1891.36.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold retreated from its highest level in more than a week on Monday, October 4, as US Treasury yields rose and the dollar compensated for some of its losses, but it remained above the technically important $1750 support level, supported by market fears of inflation. Spot gold fell 0.5% to $1,751.24 an ounce, after hitting &hellip;<\/p>\n","protected":false},"author":9,"featured_media":40118,"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":[37,36],"tags":[7604,7603,6984,6871],"class_list":["post-51850","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dollar-index","tag-gold-prices","tag-treasury-yields","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51850","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=51850"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51850\/revisions"}],"predecessor-version":[{"id":51851,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51850\/revisions\/51851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40118"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}