{"id":64387,"date":"2022-04-25T17:53:27","date_gmt":"2022-04-25T13:53:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=64387"},"modified":"2022-04-25T17:53:30","modified_gmt":"2022-04-25T13:53:30","slug":"gold-price-succumbs-to-weakening-yuan","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-price-succumbs-to-weakening-yuan\/04\/25\/market-updates\/","title":{"rendered":"Gold price succumbs to weakening yuan"},"content":{"rendered":"\n<p>Gold Price remains on slippery slopes. Coronavirus-related lockdowns in China are set to continue weighing on the yellow metal, economists at TD Securities report.<br><br>\u201cGold prices are succumbing to a weakening yuan as China\u2019s worsening COVID-19 outbreak saps the buying impulse from yet another pillar of demand for bullion.\u201d <br><br>\u201cWith little over a week remaining for the Fed to hike by 50bp and to begin quantitative tightening as we expect, demand for bullion from the investor community is likely to ease.\u201d<br><br>\u201cShanghai&#8217;s reinvigorated appetite for the yellow metal has helped to support prices, but a weakening yuan should translate into less demand from this cohort.\u201d<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Price remains on slippery slopes. Coronavirus-related lockdowns in China are set to continue weighing on the yellow metal, economists at TD Securities report.\u201cGold prices are succumbing to a weakening yuan as China\u2019s worsening COVID-19 outbreak saps the buying impulse from yet another pillar of demand for bullion.\u201d \u201cWith little over a week remaining for &hellip;<\/p>\n","protected":false},"author":13,"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":[6874,7523,7097],"class_list":["post-64387","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold","tag-lockdown","tag-yuan"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64387","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64387"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64387\/revisions"}],"predecessor-version":[{"id":64391,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64387\/revisions\/64391"}],"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=64387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}