{"id":72476,"date":"2022-09-20T16:35:26","date_gmt":"2022-09-20T12:35:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72476"},"modified":"2022-09-20T17:35:59","modified_gmt":"2022-09-20T13:35:59","slug":"gold-is-falling-amid-the-dollars-strength-ahead-of-fed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-falling-amid-the-dollars-strength-ahead-of-fed\/09\/20\/market-updates\/","title":{"rendered":"Gold is falling amid the dollar&#8217;s strength ahead of Fed"},"content":{"rendered":"\n<p>Gold prices fell on Tuesday, September 20, under pressure from the stability of the dollar and the rise in US bond yields, at a time when the US Federal Reserve is preparing to announce a major interest rate hike to curb inflation.<\/p>\n\n\n\n<p>And gold fell in spot transactions by 0.4% to $ 1669.80 an ounce at 08:39 GMT, and US gold futures settled at $ 1678.20.<\/p>\n\n\n\n<p>Although gold is considered a hedge against inflation, higher US interest rates increase the opportunity cost of holding non-yielding bullion.<\/p>\n\n\n\n<p>The dollar remains stable near the highest level in two decades, making gold less attractive to the campaign of other currencies. US Treasury bonds&#8217; returns for ten years are near their highest level since 2011.<\/p>\n\n\n\n<p>As for other metals, silver fell in spot transactions by 1.4 percent to $19.34 an ounce, while platinum rose 0.2 percent to $920.56, and palladium fell 2.5 percent to $2173.31.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Tuesday, September 20, under pressure from the stability of the dollar and the rise in US bond yields, at a time when the US Federal Reserve is preparing to announce a major interest rate hike to curb inflation. And gold fell in spot transactions by 0.4% to $ 1669.80 an ounce &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70951,"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":[6885,6874,8143,6984],"class_list":["post-72476","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-interest-rate-hikes","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72476","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=72476"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72476\/revisions"}],"predecessor-version":[{"id":72477,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72476\/revisions\/72477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70951"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}