{"id":74057,"date":"2022-10-15T03:18:03","date_gmt":"2022-10-14T23:18:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74057"},"modified":"2022-10-15T04:08:10","modified_gmt":"2022-10-15T00:08:10","slug":"gold-price-endangered-by-soaring-treasury-yield","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-price-endangered-by-soaring-treasury-yield\/10\/15\/market-updates\/","title":{"rendered":"Gold price endangered by soaring Treasury yields"},"content":{"rendered":"\n<p>Gold market is ending the week down nearly $90 from its October highs on renewed concerns regarding the expectations of Fed\u2019s very aggressive stance into end of 2022.<br><br>The 10-year US Treasury yields traveled above 4% on Friday, while the US dollar index neared 20-year highs after this week&#8217;s macro data paving the way for more rate hikes by Fed.<br><br>In response, gold dropped below the $1,650 an ounce level, with December futures last trading at $1,643.87, down 1.74% on the day versus Thursday\u2019s closing price at $ 1666.00 per ounce. This is posing real danger for gold. <br><br>The market is not able to take a breath due to the dollar\u2019s strength. What makes this so tough is seeing the Japanese yen at levels lower than the Asian crisis and British pound in the midst of dealing with market financial stability risks.<br><br>US policymakers will not intervene soon, and the dollar\u2019s rally is to continue. This week, US Treasury Secretary Janet Yellen gave a signal of approval to the dollar rally, keeping gold in a precarious situation for long.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold market is ending the week down nearly $90 from its October highs on renewed concerns regarding the expectations of Fed\u2019s very aggressive stance into end of 2022.The 10-year US Treasury yields traveled above 4% on Friday, while the US dollar index neared 20-year highs after this week&#8217;s macro data paving the way for more &hellip;<\/p>\n","protected":false},"author":13,"featured_media":72288,"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":[6885,6874,7265,6984],"class_list":["post-74057","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-janet-yellen","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74057","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=74057"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74057\/revisions"}],"predecessor-version":[{"id":74065,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74057\/revisions\/74065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/72288"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}