Gold prices rebounded again on Thursday as a weaker dollar and lower US Treasury yields coupled with a drop in risky assets revived demand for the precious metal, which is considered a safe haven for value amid concerns about global growth.<\/p>\n\n\n\n
The price of gold in spot transactions jumped 0.8 percent to $ 1829.20 an ounce by 1008 GMT, while US gold futures rose 0.7 percent to $ 1827.70.<\/p>\n\n\n\n
The dollar fell 0.3 percent, while US Treasury yields fell to their lowest levels in a week, making gold cheaper for foreign investors.<\/p>\n\n\n\n
European shares also fell on Thursday after heavy selling on Wall Street overnight, prompting investors to turn to gold as a safe-haven asset.<\/p>\n\n\n\n
Gold prices fell to a four-month low earlier this week and have risen about 2 percent since the dollar slipped from a 20-year high.<\/p>\n\n\n\n
Among other precious metals, spot silver prices rose 0.7 percent to $21.53 an ounce, platinum rose 0.1 percent to $935.93, while palladium fell 1.8 percent to $179.38.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rebounded again on Thursday as a weaker dollar and lower US Treasury yields coupled with a drop in risky assets revived demand for the precious metal, which is considered a safe haven for value amid concerns about global growth. The price of gold in spot transactions jumped 0.8 percent to $ 1829.20 an …<\/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":[38,37,36],"tags":[6874,8143,7163,8477,8874,6871],"class_list":["post-65695","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold","tag-interest-rate-hikes","tag-jerome-powell","tag-risk-aversion","tag-safe-haven-assets","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65695","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=65695"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65695\/revisions"}],"predecessor-version":[{"id":65696,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65695\/revisions\/65696"}],"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=65695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}