Gold traded within a narrow range on Wednesday as investors awaited the Federal Reserve’s meeting next week to assess the bank’s monetary policy stance.<\/p>\n\n\n\n
And gold in instant transactions witnessed a slight change to $ 1772 an ounce by 0650 GMT. US gold futures rose 0.1 percent to $1,783.90.<\/p>\n\n\n\n
A rising dollar makes the precious metal less attractive to overseas buyers. The dollar index rose 0.2 percent.<\/p>\n\n\n\n
US consumer price index data for November is scheduled to be published on December 13, while the last meeting of the Federal Reserve for 2022 is scheduled for December 13-14.<\/p>\n\n\n\n
Higher interest rates have weighed on gold’s traditional position as a hedge against inflation and other uncertainties this year, increasing the opportunity cost of holding non-yielding bullion.<\/p>\n\n\n\n
As for other precious metals, spot silver rose 0.7 percent to $22.31.<\/p>\n\n\n\n
Platinum fell 0.3% to $986.15, while palladium rose 1.2% to $1,871 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold traded within a narrow range on Wednesday as investors awaited the Federal Reserve’s meeting next week to assess the bank’s monetary policy stance. And gold in instant transactions witnessed a slight change to $ 1772 an ounce by 0650 GMT. US gold futures rose 0.1 percent to $1,783.90. A rising dollar makes the precious …<\/p>\n","protected":false},"author":9,"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":[6885,6874,8658,6892,6893],"class_list":["post-76815","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-monetary-policy-tightening","tag-nfp","tag-trade-deficit"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76815","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=76815"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76815\/revisions"}],"predecessor-version":[{"id":76816,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76815\/revisions\/76816"}],"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=76815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}