{"id":57150,"date":"2021-12-20T13:26:21","date_gmt":"2021-12-20T09:26:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=57150"},"modified":"2021-12-20T13:26:25","modified_gmt":"2021-12-20T09:26:25","slug":"gold-is-hovering-near-its-highest-level-in-3-weeks-due-to-omicron","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-hovering-near-its-highest-level-in-3-weeks-due-to-omicron\/12\/20\/market-updates\/","title":{"rendered":"Gold is Hovering Near Its Highest Level in 3 Weeks Due to Omicron"},"content":{"rendered":"\n<p>Gold prices stabilized on Monday, approaching three-week highs recorded last week, as fears of the rapid spread of the mutated Omicron from the Coronavirus boosted the appetite for buying the precious metal as a safe haven for value. And gold settled in spot transactions at $ 1798.60 an ounce by 0807 GMT, while US gold futures fell 0.3 percent to $ 1800.10 an ounce. In the previous session, the price of gold rose to its highest level since November 26.<\/p>\n\n\n\n<p>Gold is often seen as a hedge against inflation and geopolitical turmoil, but a Federal Reserve interest rate hike would increase the cost of acquiring non-yielding gold.<\/p>\n\n\n\n<p>Asian stocks fell as outbreaks of Omicron cases prompted new restrictions in Europe.<\/p>\n\n\n\n<p>Silver fell 0.2 percent to $22.31 an ounce, palladium fell by about one percent to $1,699.17, while platinum also fell one percent to $921.48 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized on Monday, approaching three-week highs recorded last week, as fears of the rapid spread of the mutated Omicron from the Coronavirus boosted the appetite for buying the precious metal as a safe haven for value. And gold settled in spot transactions at $ 1798.60 an ounce by 0807 GMT, while US gold &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52060,"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":[6868,7603,7002],"class_list":["post-57150","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fomc","tag-gold-prices","tag-retail-sales"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57150","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=57150"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57150\/revisions"}],"predecessor-version":[{"id":57151,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57150\/revisions\/57151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52060"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=57150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=57150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=57150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}