{"id":71731,"date":"2022-09-08T00:36:49","date_gmt":"2022-09-07T20:36:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71731"},"modified":"2022-09-08T00:38:02","modified_gmt":"2022-09-07T20:38:02","slug":"gold-prices-attempting-to-keep-firm","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-attempting-to-keep-firm\/09\/08\/market-updates\/","title":{"rendered":"Gold prices attempting to keep firm"},"content":{"rendered":"\n<p>Gold price is firm on Wednesday, but the precious metal is looking forward to reaching key resistance as the US dollar retreated from fresh highs. <br><br>Gold bulls eye a 50% mean reversion with the prospects of a break to $1,735 beyond the said level. Gold price has added to gains on the day, despite some retreat from the New York session highs of $1,719.29.<br><br>The precious metal is around 0.8% higher on the day, having risen from a low of $1,691.46 to a high of $1,719.29 as the dollar and treasury yields fall under correction. At the time of writing, gold trades at 1717.76 per ounce.<br><br>The US dollar has fallen off the strongest levels in two decades as per the DXY index, which measures the dollar\u2019s performance versus a basket of currencies. <br><br>The index was last seen down 0.44% to 109.76, after earlier touching 110.786 the highest since 2002. US Treasury yields also slid from early highs, bullish for gold since it offers no interest. The yield on the US 10-year note was last seen down 2.45% to 3.271%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold price is firm on Wednesday, but the precious metal is looking forward to reaching key resistance as the US dollar retreated from fresh highs. Gold bulls eye a 50% mean reversion with the prospects of a break to $1,735 beyond the said level. Gold price has added to gains on the day, despite some &hellip;<\/p>\n","protected":false},"author":13,"featured_media":71340,"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":[6874,6984],"class_list":["post-71731","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71731","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=71731"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71731\/revisions"}],"predecessor-version":[{"id":71736,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71731\/revisions\/71736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}