Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way.<\/p>\n\n\n\n
By 04:33 GMT, spot gold rose 0.16% to $1,763.65 an ounce, heading for a weekly loss of about 0.4%.<\/p>\n\n\n\n
US gold futures rose 0.2% to $1,765.60 an ounce.<\/p>\n\n\n\n
Although gold is considered a hedge against inflation, higher interest rates and the yield on Treasury bonds increase the opportunity cost of holding the precious metal, which does not pay interest.<\/p>\n\n\n\n
As for other precious metals, silver rose in spot transactions by 0.8% to $21.12 an ounce, platinum rose 0.5% to $984.48 an ounce, and palladium increased 0.7% to $2020.19 an ounce.<\/p>\n\n\n\n
However, all precious metals are heading towards ending the week lower.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold rose 0.16% to $1,763.65 an …<\/p>\n","protected":false},"author":9,"featured_media":71492,"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":[6885,6874,6990,8658,7002,6984],"class_list":["post-75918","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-industrial-production","tag-monetary-policy-tightening","tag-retail-sales","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75918","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=75918"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75918\/revisions"}],"predecessor-version":[{"id":75919,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75918\/revisions\/75919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71492"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}