{"id":76944,"date":"2022-12-09T13:09:47","date_gmt":"2022-12-09T09:09:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76944"},"modified":"2022-12-09T13:09:52","modified_gmt":"2022-12-09T09:09:52","slug":"gold-rises-with-fall-of-dollar-ahead-of-fed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-with-fall-of-dollar-ahead-of-fed\/12\/09\/market-updates\/","title":{"rendered":"Gold rises with fall of dollar ahead of Fed"},"content":{"rendered":"\n<p>Gold prices rose on Friday, supported by a weak dollar, while investors prepared for important inflation data in the United States and the Federal Reserve&#8217;s decision to raise interest rates next week.<\/p>\n\n\n\n<p>Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning of the week.<\/p>\n\n\n\n<p>US gold futures rose 0.2 percent to $1,804.80.<\/p>\n\n\n\n<p>The dollar index fell 0.1 percent. A weaker dollar makes gold more attractive to buyers holding other currencies.<\/p>\n\n\n\n<p>Market participants now expect a 93 percent chance of a 50 basis point rate hike at the Federal Reserve&#8217;s December 13-14 policy meeting. Investors will also be awaiting the US Consumer Price Index report for November, which is scheduled to be released on December 13th.<\/p>\n\n\n\n<p>As for other precious metals, silver rose 0.6 percent to $ 23.20, while platinum increased 0.4 percent to $ 1006.91. Palladium lost 0.4 percent, recording $1,918.50, but is on track for its second consecutive weekly gain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Friday, supported by a weak dollar, while investors prepared for important inflation data in the United States and the Federal Reserve&#8217;s decision to raise interest rates next week. Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning of the week. US gold &hellip;<\/p>\n","protected":false},"author":9,"featured_media":71340,"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":[6874],"class_list":["post-76944","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76944","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=76944"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76944\/revisions"}],"predecessor-version":[{"id":76945,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76944\/revisions\/76945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}