{"id":69437,"date":"2022-08-02T22:44:16","date_gmt":"2022-08-02T18:44:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69437"},"modified":"2022-08-02T22:50:41","modified_gmt":"2022-08-02T18:50:41","slug":"gold-trades-around-1770-eying-1800-amid-taiwans-row","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-trades-around-1770-eying-1800-amid-taiwans-row\/08\/02\/market-updates\/","title":{"rendered":"Gold trades around $1770, eying $1,800 amid Taiwan\u2019s row"},"content":{"rendered":"\n<p>At the time of writing, gold trades at $1767.5 per ounce. Gold has been back under pressure as US yields spike, but bulls are eying the $1800 level.  There is room for further upside with the 68.2% Fibonacci meeting prior weekly structure around $1,800. <br><br>Markets are cautious over US-China row over Taiwan. The gold price is dipping below $1,770 in the midday US session from $1,788.12 the high that was scored in the New York open. The Gold Index, XAU\/USD, is down some 0.18% on the day currently as it moves in on the lows of the day at $1,767.76.<br><br>The price has been driven by US bond yields that have been declining in the wake of a less hawkish narrative surrounding the Fed. This has lifted gold futures and for December delivery, the precious metals climbed back above $1,800 per ounce on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the time of writing, gold trades at $1767.5 per ounce. Gold has been back under pressure as US yields spike, but bulls are eying the $1800 level. There is room for further upside with the 68.2% Fibonacci meeting prior weekly structure around $1,800. Markets are cautious over US-China row over Taiwan. The gold price &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61843,"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":[8040,6984],"class_list":["post-69437","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-taiwan","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69437","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=69437"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69437\/revisions"}],"predecessor-version":[{"id":69443,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69437\/revisions\/69443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61843"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}