Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data important to the schedule to reduce the stimulus measures by the Federal Reserve.<\/p>\n\n\n\n
The price of gold in spot transactions at $ 1819.71 an ounce by 0614 GMT, after hitting its highest level since January 26 on Monday. US gold futures fell 0.1 percent to $1,820.40.<\/p>\n\n\n\n
A Reuters poll indicates that the US consumer price index is expected to rise 7.3 percent in January, the highest increase since 1982.<\/p>\n\n\n\n
Gold is considered a hedge against inflation and political risks, but raising interest rates increases the opportunity cost of buying gold that does not yield a return.<\/p>\n\n\n\n
As for other precious metals, the silver price fell 0.56 percent to $22.86 an ounce, platinum fell 0.5 percent to $1015.20, and palladium fell 0.2 percent to $2258.29.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data important to the schedule to …<\/p>\n","protected":false},"author":9,"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":[38,36],"tags":[6885,8722,7603,6987,8143,7580,7957,6858],"class_list":["post-59808","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-fed","tag-gold-index","tag-gold-prices","tag-inflation","tag-interest-rate-hikes","tag-monetary-policy","tag-nfp-data","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59808","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=59808"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59808\/revisions"}],"predecessor-version":[{"id":59809,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59808\/revisions\/59809"}],"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=59808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}