{"id":73654,"date":"2022-10-07T10:08:04","date_gmt":"2022-10-07T06:08:04","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73654"},"modified":"2022-10-07T10:08:07","modified_gmt":"2022-10-07T06:08:07","slug":"gold-stabilizes-ahead-of-us-jobs-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-stabilizes-ahead-of-us-jobs-data\/10\/07\/market-updates\/","title":{"rendered":"Gold stabilizes ahead of US jobs data"},"content":{"rendered":"\n<p>Gold prices stabilized on Friday, October 7, ahead of a US jobs report that may support investors&#8217; expectations regarding the path of the US Federal Reserve to raise interest rates, and is heading towards the largest weekly increase since March.<\/p>\n\n\n\n<p>By 01:23 GMT, there was little change in gold in spot transactions and it settled at $ 1709.69 an ounce.<\/p>\n\n\n\n<p>Prices rose by about 3% this week, supported by the dollar decline and the Treasury bonds yield, after reaching the highest level in years.<\/p>\n\n\n\n<p>US gold futures settled at $1719.90 an ounce.<\/p>\n\n\n\n<p>The dollar index and the yield on US 10-year Treasury bonds stabilized after rising in the evening.<\/p>\n\n\n\n<p>Investors are now focused on the US non-farm payrolls report due later on Friday, and economists expect 250,000 jobs added last month, compared to 315,000 in August.<\/p>\n\n\n\n<p>As for other precious metals, silver fell in spot transactions 0.4% to $20.56 an ounce.<\/p>\n\n\n\n<p>Platinum fell 0.4% to $918.38 an ounce. And palladium fell 0.6% to $2247.62 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized on Friday, October 7, ahead of a US jobs report that may support investors&#8217; expectations regarding the path of the US Federal Reserve to raise interest rates, and is heading towards the largest weekly increase since March. By 01:23 GMT, there was little change in gold in spot transactions and it settled &hellip;<\/p>\n","protected":false},"author":9,"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":[6885,6874,8367],"class_list":["post-73654","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73654","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=73654"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73654\/revisions"}],"predecessor-version":[{"id":73655,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73654\/revisions\/73655"}],"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=73654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}