{"id":54155,"date":"2021-11-05T00:54:02","date_gmt":"2021-11-04T20:54:02","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54155"},"modified":"2021-11-05T00:54:05","modified_gmt":"2021-11-04T20:54:05","slug":"gold-stuck-in-a-difficult-day-between-1750-1800","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-stuck-in-a-difficult-day-between-1750-1800\/11\/05\/market-updates\/","title":{"rendered":"Gold stuck in a difficult day between $1,750-$1,800"},"content":{"rendered":"\n<p>The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.<br><br>There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there&#8217;s certainly an apprehension to sell gold after Jerome Powell\u2019s statements to the press for fear of $1750-$1760.<br><br>There are early signs of a growing consensus that gold is closer to the bottom in the short-term, while there&#8217;s perhaps another push through today&#8217;s low, its unlikely $1750 breaks, but there was no dovish catalyst to get excited and warrant gold up $100 either.<br><br>Gold&#8217;s trading pattern is still highly dependent on how the U.S. dollar and the U.S. Treasury yields interpret economic growth, inflation, and the Federal Reserve. But there wasn&#8217;t anything game changing in this FOMC.<br> <br>No hawkish surprise from the Fed saw gold walk back all of its daily losses and return towards $1,800 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there&#8217;s certainly an apprehension to sell gold after Jerome Powell\u2019s statements to the press for fear of $1750-$1760.There &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52476,"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":[38,37,36],"tags":[6885,7603,7567],"class_list":["post-54155","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold-prices","tag-taper"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54155","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=54155"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54155\/revisions"}],"predecessor-version":[{"id":54159,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54155\/revisions\/54159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52476"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}