{"id":74533,"date":"2022-10-25T17:55:43","date_gmt":"2022-10-25T13:55:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74533"},"modified":"2022-10-25T17:55:45","modified_gmt":"2022-10-25T13:55:45","slug":"gold-prices-decline-with-the-stability-of-the-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-decline-with-the-stability-of-the-dollar\/10\/25\/market-updates\/","title":{"rendered":"Gold prices decline with the stability of the dollar"},"content":{"rendered":"\n<p>Gold prices fell on Tuesday as the dollar stabilized, but expectations that the Federal Reserve would slow the pace of interest rate hikes limited the precious metal&#8217;s losses.<\/p>\n\n\n\n<p>Spot gold fell 0.5% to $1,640.62 an ounce by 1238 GMT, while US gold futures fell 0.6 percent to $1,644.70.<\/p>\n\n\n\n<p>The dollar index stabilized somewhat with the decline of the Chinese yuan, and recovered slightly after falling in the previous session to its lowest level since the sixth of October.<\/p>\n\n\n\n<p>Currency gains reduce the attractiveness of gold to buyers of other currencies.<\/p>\n\n\n\n<p>Higher interest rates increase the cost of non-yielding gold, while boosting dollar and bond yields.<\/p>\n\n\n\n<p>As for other precious metals, silver fell in spot transactions by 2.2 percent to $ 18.84 an ounce, and platinum fell by two percent to $ 906.73 an ounce, while palladium fell 3.6 percent to $ 1898.53 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Tuesday as the dollar stabilized, but expectations that the Federal Reserve would slow the pace of interest rate hikes limited the precious metal&#8217;s losses. Spot gold fell 0.5% to $1,640.62 an ounce by 1238 GMT, while US gold futures fell 0.6 percent to $1,644.70. The dollar index stabilized somewhat with the &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-74533","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\/74533","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=74533"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74533\/revisions"}],"predecessor-version":[{"id":74534,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74533\/revisions\/74534"}],"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=74533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}