On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in US bond yields on the back of fears of monetary tightening measures that affected the attractiveness of the alloy.<\/p>\n\n\n\n
And gold settled in spot transactions at 1958.41 dollars an ounce, hovering near the highest level in more than a week, which it reached in the previous session, up about two percent so far this week. US gold futures fell 0.2 percent to 1958.70 dollars.<\/p>\n\n\n\n
Ukrainian President Volodymyr Zelensky said on Friday that Ukrainians “need to make peace” and stop Russian bombing that has forced millions to flee to countries like Poland.<\/p>\n\n\n\n
The US Federal Reserve raised borrowing costs by 25 basis points on March 16, and since then the central bank’s top policymakers have signaled a tougher approach to tighten monetary policy this year to combat rising inflation.<\/p>\n\n\n\n
Silver prices rose in spot transactions 0.4 percent to $ 25.60 an ounce, while platinum rose 0.6 percent to $ 1026.67, and palladium settled at $ 2525.01.<\/p>\n","protected":false},"excerpt":{"rendered":"
On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in US bond yields on the …<\/p>\n","protected":false},"author":9,"featured_media":57580,"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":[6885,9406,6874,6987,8494,7070,8432,8899,6875],"class_list":["post-62713","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-fed","tag-geopolitical-uncertainty","tag-gold","tag-inflation","tag-inflationary-pressures","tag-jobless-claims","tag-nato","tag-rate-hikes","tag-russia"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62713","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=62713"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62713\/revisions"}],"predecessor-version":[{"id":62714,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62713\/revisions\/62714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57580"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}