{"id":74311,"date":"2022-10-20T11:05:05","date_gmt":"2022-10-20T07:05:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74311"},"modified":"2022-10-20T11:05:12","modified_gmt":"2022-10-20T07:05:12","slug":"gold-is-at-its-lowest-level-in-3-weeks-with-rise-of-dollar-and-bond-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-at-its-lowest-level-in-3-weeks-with-rise-of-dollar-and-bond-yields\/10\/20\/market-updates\/","title":{"rendered":"Gold is at its lowest level in 3 weeks, with rise of dollar and bond yields"},"content":{"rendered":"\n<p>Gold prices hovered at a three-week low on Thursday, pressured by the rise in the dollar and the yield on Treasury bonds, amid fears that the Federal Reserve will continue to raise interest rates by a significant amount.<\/p>\n\n\n\n<p>And by 0049 GMT, gold fell in spot transactions 0.1 percent to $ 1627.04 an ounce. Prices hit their lowest since Sept. 28 earlier in the session at $1,624.98 an ounce.<\/p>\n\n\n\n<p>Gold futures fell 0.1 percent to $1,632.60 an ounce.<\/p>\n\n\n\n<p>The dollar index was stable after rising 0.8 percent on Wednesday, while the yield on US 10-year Treasury bonds reached their highest level since mid-2008.<\/p>\n\n\n\n<p>The latest data revealed that inflation continues to rise, well above the central bank&#8217;s target of about 2 percent. This news had little effect in changing expectations for a fourth rate hike by 75 basis points next month.<\/p>\n\n\n\n<p>As for other precious metals, silver fell in spot transactions 0.4 percent to $18.36 an ounce. Platinum fell 0.6 percent to $878.52 an ounce. And palladium fell 0.6 percent to $ 1988.78 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices hovered at a three-week low on Thursday, pressured by the rise in the dollar and the yield on Treasury bonds, amid fears that the Federal Reserve will continue to raise interest rates by a significant amount. And by 0049 GMT, gold fell in spot transactions 0.1 percent to $ 1627.04 an ounce. Prices &hellip;<\/p>\n","protected":false},"author":9,"featured_media":62122,"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":[6867,6874,8143,8324],"class_list":["post-74311","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-federal-reserve","tag-gold","tag-interest-rate-hikes","tag-us-dollar-index"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74311","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=74311"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74311\/revisions"}],"predecessor-version":[{"id":74312,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74311\/revisions\/74312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62122"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}