Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven.<\/p>\n\n\n\n
And the price of gold in spot transactions reached 1993.28 dollars an ounce by 0947 GMT, its highest level since March 11.<\/p>\n\n\n\n
And the price of gold in futures transactions rose 1.2 percent to $ 1997.70 an ounce.<\/p>\n\n\n\n
The war in Ukraine has so far shown no signs of abating, fueling high inflation, and slashing global growth prospects.<\/p>\n\n\n\n
China’s economy slowed in March, with consumption, real estate, and exports hitting hard, as restrictions to tackle COVID-19 and the Ukraine war hit the world’s largest consumer of gold.<\/p>\n\n\n\n
Yields on the benchmark 10-year US Treasury rose to their highest since December 2018, while the dollar remained strong near recent highs.<\/p>\n\n\n\n
Among other metals, spot silver rose 0.9 percent to $25.91 an ounce and hit its highest level in one month. Platinum jumped 1.5 percent to $1004.36, and the price of palladium increased by 1.1 percent to $2394.68.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven. And the price of gold in spot transactions reached 1993.28 dollars an ounce by 0947 …<\/p>\n","protected":false},"author":9,"featured_media":61079,"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":[6978,6874,8432,6957,6875,8110],"class_list":["post-64034","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-cpi","tag-gold","tag-nato","tag-ppi","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64034","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=64034"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64034\/revisions"}],"predecessor-version":[{"id":64035,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64034\/revisions\/64035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61079"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}