{"id":64990,"date":"2022-05-06T13:10:54","date_gmt":"2022-05-06T09:10:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=64990"},"modified":"2022-05-06T15:19:53","modified_gmt":"2022-05-06T11:19:53","slug":"gold-falls-as-the-dollar-rises-and-us-treasury-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-falls-as-the-dollar-rises-and-us-treasury-yields\/05\/06\/market-updates\/","title":{"rendered":"Gold falls as the dollar rises"},"content":{"rendered":"\n<p>Gold prices fell on Friday and appeared to be poised for a third consecutive weekly loss as the dollar and Treasury yields rose after the Federal Reserve&#8217;s strong stance, while investors awaited US jobs data due on Friday.<\/p>\n\n\n\n<p>Spot gold fell 0.2 percent to $1,873.75 an ounce by 0742 GMT, while US gold futures settled at $1,875.60.<\/p>\n\n\n\n<p>The dollar headed for a fifth week of gains, while US Treasury yields were near their highest levels since November 2018.<\/p>\n\n\n\n<p>Investors are now awaiting the US non-farm payrolls data for April to assess its impact on monetary policy. On Wednesday, the Federal Reserve raised interest rates by half a percentage point, the largest in 22 years.<\/p>\n\n\n\n<p>Investors&#8217; appetite for non-yielding gold tends to decline when interest rates rise.<\/p>\n\n\n\n<p>For other precious metals, silver fell one percent to $22.28 an ounce, platinum fell three percent to $951.42 and palladium also fell three percent to $2123.95.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Friday and appeared to be poised for a third consecutive weekly loss as the dollar and Treasury yields rose after the Federal Reserve&#8217;s strong stance, while investors awaited US jobs data due on Friday. Spot gold fell 0.2 percent to $1,873.75 an ounce by 0742 GMT, while US gold futures settled &hellip;<\/p>\n","protected":false},"author":9,"featured_media":62122,"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":[8563,6832,6863,6885,7603,8477,6835,6842],"class_list":["post-64990","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-balance-sheet-reduction","tag-china","tag-covid-19-2","tag-fed","tag-gold-prices","tag-risk-aversion","tag-uk","tag-us"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64990","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=64990"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64990\/revisions"}],"predecessor-version":[{"id":64996,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64990\/revisions\/64996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62122"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}