{"id":66810,"date":"2022-06-09T13:13:18","date_gmt":"2022-06-09T09:13:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=66810"},"modified":"2022-06-09T13:13:22","modified_gmt":"2022-06-09T09:13:22","slug":"gold-settles-under-pressure-from-high-bond-yields-ahead-of-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-settles-under-pressure-from-high-bond-yields-ahead-of-us-data\/06\/09\/market-updates\/","title":{"rendered":"Gold Settles Under Pressure From High Bond Yields Ahead of US Data"},"content":{"rendered":"\n<p>Gold prices stabilized on Thursday as rising Treasury yields held them back before key data on jobs and inflation in the United States could influence the Federal Reserve&#8217;s roadmap to raise interest rates to combat inflation.<\/p>\n\n\n\n<p>And gold settled in spot transactions at $ 1853.24 an ounce by 0303 GMT, while US gold futures fell 0.1 percent to $ 1854.70.<\/p>\n\n\n\n<p>US weekly jobless claims data is due at 1230 GMT on Thursday.<\/p>\n\n\n\n<p>Investors are also awaiting monthly US consumer price data on Friday, which the White House said it expected to be &#8220;high&#8221;. Economists polled by Reuters had forecast an annual inflation rate of 8.3 percent.<\/p>\n\n\n\n<p>Ten-year US Treasury yields have been boosted, reducing the zero-yield yellow metal&#8217;s allure.<\/p>\n\n\n\n<p>As for other precious metals, silver rose in spot transactions 0.2% to $22.07 an ounce, while platinum fell 0.3% to $1,003.46.<\/p>\n\n\n\n<p>Palladium rose 0.9 percent to $ 1960.94, after hitting its lowest level in nearly three weeks at $ 1930.28 on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized on Thursday as rising Treasury yields held them back before key data on jobs and inflation in the United States could influence the Federal Reserve&#8217;s roadmap to raise interest rates to combat inflation. And gold settled in spot transactions at $ 1853.24 an ounce by 0303 GMT, while US gold futures fell &hellip;<\/p>\n","protected":false},"author":9,"featured_media":61161,"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":[8322,6874,6984,6871],"class_list":["post-66810","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fomc-meeting","tag-gold","tag-treasury-yields","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66810","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=66810"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66810\/revisions"}],"predecessor-version":[{"id":66811,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66810\/revisions\/66811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61161"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=66810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=66810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=66810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}