{"id":75048,"date":"2022-11-03T01:42:09","date_gmt":"2022-11-02T21:42:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75048"},"modified":"2022-11-03T01:43:34","modified_gmt":"2022-11-02T21:43:34","slug":"gold-retreats-from-weekly-highs-on-digesting-feds-rate-policy-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-retreats-from-weekly-highs-on-digesting-feds-rate-policy-decision\/11\/03\/market-updates\/","title":{"rendered":"Gold retreats from weekly highs on Fed\u2019s rate decision"},"content":{"rendered":"\n<p>The Gold Index, XAU\/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed\u2019s rate policy statement.<br><br>If XAU\/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday\u2019s gains following the release of the November monetary policy meeting of the Federal Reserve\u2019s FOMC.<br><br>The US central bank lifted rates by 75 bps to 3.75-4.00%, the highest level reached since 2008, at around the financial crisis. At the time of writing, XAU\/USD is trading at $1635.50, down by about 0.80%.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gold Index, XAU\/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed\u2019s rate policy statement.If XAU\/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday\u2019s gains following the release of the November monetary &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":[6885,6868,6874,8143],"class_list":["post-75048","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-fomc","tag-gold","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75048","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=75048"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75048\/revisions"}],"predecessor-version":[{"id":75057,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75048\/revisions\/75057"}],"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=75048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}