{"id":54564,"date":"2021-11-10T21:21:07","date_gmt":"2021-11-10T17:21:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54564"},"modified":"2021-11-10T22:20:59","modified_gmt":"2021-11-10T18:20:59","slug":"gold-jumps-with-us-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-jumps-with-us-inflation-data\/11\/10\/market-updates\/","title":{"rendered":"Gold jumps with US inflation data"},"content":{"rendered":"\n<p>Gold hit a fresh multi-month high of $1,868.54 an ounce, its highest since last June. Gold surged on the back of higher-than-anticipated US inflation data encouraging speculations the U. S. Fe will have no choice but to hike rates sooner.<br><br>The XAU\/USD Index retreated from the mentioned high on the broad dollar\u2019s demand, but retains most of its intraday gains and currently trades in the 1,850 price zone.<br><br>The U. S. Bureau of Labor Statistics reported that the U. S. Consumer Price Index surged to 6.2% YoY in October from 5.4% in September, while core inflation in the same period jumped to 4.6% from 4.0%.<br><br>US Treasury yields initially hesitate, but finally broke higher, with that on the 10-year Treasury note adding 8bps to currently stand at 1.52%. <br><br>On the other hand, Wall Street trades in the red territory, although at this point, losses are moderated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold hit a fresh multi-month high of $1,868.54 an ounce, its highest since last June. Gold surged on the back of higher-than-anticipated US inflation data encouraging speculations the U. S. Fe will have no choice but to hike rates sooner.The XAU\/USD Index retreated from the mentioned high on the broad dollar\u2019s demand, but retains most &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54569,"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":[38,37,39,36],"tags":[6978,7603,6984,7995],"class_list":["post-54564","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-global-stock-markets","category-market-updates","tag-cpi","tag-gold-prices","tag-treasury-yields","tag-wall-streat"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54564","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=54564"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54564\/revisions"}],"predecessor-version":[{"id":54568,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54564\/revisions\/54568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54569"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}