{"id":68947,"date":"2022-07-25T10:18:21","date_gmt":"2022-07-25T06:18:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68947"},"modified":"2022-07-25T10:18:24","modified_gmt":"2022-07-25T06:18:24","slug":"the-price-of-gold-fell-with-the-rise-of-the-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-price-of-gold-fell-with-the-rise-of-the-dollar\/07\/25\/market-updates\/","title":{"rendered":"The price of gold fell with the rise of the dollar"},"content":{"rendered":"\n<p>Gold prices fell on Monday, July 25 after the dollar&#8217;s rise and expectations of a US Federal Reserve interest rate hike this week dampened gold demand.<\/p>\n\n\n\n<p>The price of gold fell 0.2% to $ 1724.50 an ounce as of 04:23 GMT, after rising to its highest level in more than a week on Friday.<\/p>\n\n\n\n<p>And US gold futures fell 0.5% to $ 1718.70 an ounce.<\/p>\n\n\n\n<p>The dollar rose 0.1% against rival currencies, making dollar-denominated gold more expensive for buyers holding other currencies.<\/p>\n\n\n\n<p>The US Federal Reserve concludes its two-day meeting on Wednesday.<\/p>\n\n\n\n<p>Although gold is seen as a hedge against inflation, higher interest rates increase the opportunity cost of holding it.<\/p>\n\n\n\n<p>On Sunday, US Treasury Secretary Janet Yellen said US economic growth was slowing and acknowledged the risk of a recession, but added that a recession is not inevitable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Monday, July 25 after the dollar&#8217;s rise and expectations of a US Federal Reserve interest rate hike this week dampened gold demand. The price of gold fell 0.2% to $ 1724.50 an ounce as of 04:23 GMT, after rising to its highest level in more than a week on Friday. And &hellip;<\/p>\n","protected":false},"author":9,"featured_media":57580,"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":[38,6827,49,37,36],"tags":[6868,6874,8880,9586,9006,7393],"class_list":["post-68947","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates","tag-fomc","tag-gold","tag-pmi-data","tag-recession-concerns","tag-us-treasuries","tag-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68947","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=68947"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68947\/revisions"}],"predecessor-version":[{"id":68948,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68947\/revisions\/68948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57580"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}