{"id":57213,"date":"2021-12-21T15:16:09","date_gmt":"2021-12-21T11:16:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=57213"},"modified":"2021-12-21T15:16:12","modified_gmt":"2021-12-21T11:16:12","slug":"gold-is-trapped-in-a-narrow-range","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-trapped-in-a-narrow-range\/12\/21\/market-updates\/","title":{"rendered":"Gold is Trapped in a Narrow Range"},"content":{"rendered":"\n<p>Gold prices remained in a narrow range during trading today, Tuesday, as the weak dollar faced a slight improvement in risk sentiment, while the high incidence of infection due to the Coronavirus \u201cOmicron\u201d remains a source of concern for investors.<\/p>\n\n\n\n<p>Spot gold rose 0.1% to $1,791.73 an ounce, while US gold futures fell 0.1% to $1,792.30.<\/p>\n\n\n\n<p>The US dollar index has been swinging well below recent highs, after suddenly losing ground after a blow to Democrats&#8217; spending plans in Washington.<\/p>\n\n\n\n<p>The weak dollar helped make bullion priced in US dollars more attractive to overseas buyers.<\/p>\n\n\n\n<p>Asian shares rose on Tuesday, ignoring a more buoyant Wall Street session yesterday evening, as Chinese markets encouraged Beijing&#8217;s efforts to help troubled real estate firms although increasing cases of the Omicron mutation remained a concern for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices remained in a narrow range during trading today, Tuesday, as the weak dollar faced a slight improvement in risk sentiment, while the high incidence of infection due to the Coronavirus \u201cOmicron\u201d remains a source of concern for investors. Spot gold rose 0.1% to $1,791.73 an ounce, while US gold futures fell 0.1% to &hellip;<\/p>\n","protected":false},"author":9,"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":[8100,6874,7462,6984],"class_list":["post-57213","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-christmas","tag-gold","tag-market-sentiment","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57213","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=57213"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57213\/revisions"}],"predecessor-version":[{"id":57214,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57213\/revisions\/57214"}],"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=57213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=57213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=57213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}