{"id":67128,"date":"2022-06-15T17:41:37","date_gmt":"2022-06-15T13:41:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67128"},"modified":"2022-06-15T17:41:59","modified_gmt":"2022-06-15T13:41:59","slug":"gold-rises-with-the-dollars-decline-ahead-of-the-federal-reserves-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-with-the-dollars-decline-ahead-of-the-federal-reserves-decision\/06\/15\/market-updates\/","title":{"rendered":"Gold rises as dollar decline ahead of the Fed decision"},"content":{"rendered":"\n<p>Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve.<\/p>\n\n\n\n<p>Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70.<\/p>\n\n\n\n<p>The dollar index fell 0.2 percent on the day, after approaching a 20-year high in the previous session, while 10-year US Treasury yields also fell from multi-year highs.<\/p>\n\n\n\n<p>The higher-than-expected US inflation data last week prompted investors to raise their expectations for the Federal Reserve&#8217;s rate hike to 75 basis points instead of 50 basis points to calm mounting price pressures.<\/p>\n\n\n\n<p>Gold is often viewed as a safe asset in times of economic uncertainty, but rising interest rates and bond yields increase the opportunity cost of holding non-yielding gold.<\/p>\n\n\n\n<p>As for other precious metals, silver rose in spot transactions by 1.9 percent to $21.48 an ounce, while platinum rose 2.1 percent to $939.88, and palladium rose 1.2 percent to $1,836.85.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve. Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70. The dollar index fell 0.2 percent on &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":[7987,6874,8143,6984],"class_list":["post-67128","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-cpi-data","tag-gold","tag-interest-rate-hikes","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67128","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=67128"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67128\/revisions"}],"predecessor-version":[{"id":67131,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67128\/revisions\/67131"}],"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=67128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}