{"id":71579,"date":"2022-09-06T13:56:00","date_gmt":"2022-09-06T09:56:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71579"},"modified":"2022-09-06T13:56:02","modified_gmt":"2022-09-06T09:56:02","slug":"the-rise-of-gold-with-the-decline-of-the-dollar-and-the-increase-in-demand-for-safe-havens","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-rise-of-gold-with-the-decline-of-the-dollar-and-the-increase-in-demand-for-safe-havens\/09\/06\/market-updates\/","title":{"rendered":"The rise of gold with the decline of the dollar and the increase in demand for safe havens"},"content":{"rendered":"\n<p>Gold prices rose on Tuesday, as the pause in the dollar&#8217;s rally and the energy crisis in Europe prompted some investors to buy the safe-haven metal.<\/p>\n\n\n\n<p>And gold rose in spot transactions 0.5% to $ 1718.30 an ounce, by 0648 GMT. Prices rose earlier by about one percent to their highest levels in a week.<\/p>\n\n\n\n<p>US gold futures also rose 0.4 percent to $ 1729.40.<\/p>\n\n\n\n<p>The dollar index fell 0.1 percent, but it was not far from its highest level in 20 years, which it reached in the previous session.<\/p>\n\n\n\n<p>The indefinite shutdown of gas supplies via Nord Stream 1, the main supply line to Europe, has heightened fears of a recession in the region, with higher energy prices hurting consumers.<\/p>\n\n\n\n<p>Monday&#8217;s survey also showed that the Eurozone is entering a recession with the worsening cost-of-living crisis and pessimistic outlook.<\/p>\n\n\n\n<p>Although gold is seen as a hedge against inflation and economic uncertainty, higher US interest rates increase the opportunity cost of holding non-yielding bullion and boost the dollar.<\/p>\n\n\n\n<p>As for other precious metals, silver jumped in spot transactions 1.1 percent to $ 18.36 an ounce, platinum rose 0.7 percent to $ 851.25, and palladium rose 1.6 percent to $ 2065.96.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Tuesday, as the pause in the dollar&#8217;s rally and the energy crisis in Europe prompted some investors to buy the safe-haven metal. And gold rose in spot transactions 0.5% to $ 1718.30 an ounce, by 0648 GMT. Prices rose earlier by about one percent to their highest levels in a week. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":61079,"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":[6885,6874,9215,6984],"class_list":["post-71579","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-nord-stream-1","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71579","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=71579"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71579\/revisions"}],"predecessor-version":[{"id":71580,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71579\/revisions\/71580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61079"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}