{"id":51955,"date":"2021-10-05T13:11:12","date_gmt":"2021-10-05T09:11:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=51955"},"modified":"2021-10-05T13:11:14","modified_gmt":"2021-10-05T09:11:14","slug":"gold-falls-due-to-the-rise-of-the-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-falls-due-to-the-rise-of-the-dollar\/10\/05\/market-updates\/","title":{"rendered":"Gold Falls Due to The Rise of The Dollar"},"content":{"rendered":"\n<p>Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday&#8217;s US jobs numbers, which may have an impact on the US Federal Reserve&#8217;s plans to cut stimulus.<\/p>\n\n\n\n<p>And gold fell in spot transactions 0.6% to $ 1758.27 an ounce, after reaching $ 1770.41 on Monday, its highest level since September 23. And US gold futures fell 0.6% to $ 1757.30, but remained above the level of 1,750 points.<\/p>\n\n\n\n<p>The dollar index rose, making gold more expensive for buyers than holders of other currencies, while stock markets fell on concerns that higher energy prices could dampen economic growth.<\/p>\n\n\n\n<p>Non-farm payrolls are expected to show a continued improvement in the labor market, likely allowing the Federal Reserve to begin tapering off stimulus before the end of the year.<\/p>\n\n\n\n<p>As for other precious metals, silver fell in spot transactions 0.8% to $22.48 an ounce, platinum fell 0.9% to $958.83, while palladium rose 0.1% to $1906.45.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday&#8217;s US jobs numbers, which may have an impact on the US Federal Reserve&#8217;s plans to cut stimulus. And gold fell in spot transactions 0.6% &hellip;<\/p>\n","protected":false},"author":9,"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-51955","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\/51955","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=51955"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51955\/revisions"}],"predecessor-version":[{"id":51956,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51955\/revisions\/51956"}],"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=51955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}