{"id":77281,"date":"2022-12-19T15:42:58","date_gmt":"2022-12-19T11:42:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77281"},"modified":"2022-12-19T15:42:59","modified_gmt":"2022-12-19T11:42:59","slug":"gold-rises-with-weakness-of-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-with-weakness-of-dollar\/12\/19\/market-updates\/","title":{"rendered":"Gold rises with weakness of dollar"},"content":{"rendered":"\n<p>Gold prices steadied on Monday as the prospect of the Federal Reserve raising interest rates next year squandered the support provided by a weak dollar.<\/p>\n\n\n\n<p>And gold settled in instant transactions at $ 1791.56 an ounce by 0709 GMT. And US gold futures rose 0.1 percent, recording $ 1,802.50.<\/p>\n\n\n\n<p>The dollar index fell 0.2 percent, making the yellow metal less expensive for buyers from abroad.<\/p>\n\n\n\n<p>Gold prices are trying to recover losses despite the Federal Reserve&#8217;s monetary tightening approach.<\/p>\n\n\n\n<p>Gold posted its biggest weekly decline since mid-November on Friday after Federal Reserve Chairman Jerome Powell said the US central bank will continue to raise rates next year despite growing recession fears.<\/p>\n\n\n\n<p>As for other precious metals, silver fell 0.4 percent to $23.12 an ounce.<\/p>\n\n\n\n<p>Platinum fell 0.2% to $989.52, and palladium rose 0.7% to $1,725.38.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices steadied on Monday as the prospect of the Federal Reserve raising interest rates next year squandered the support provided by a weak dollar. And gold settled in instant transactions at $ 1791.56 an ounce by 0709 GMT. And US gold futures rose 0.1 percent, recording $ 1,802.50. The dollar index fell 0.2 percent, &hellip;<\/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":[38,36],"tags":[10121,6874],"class_list":["post-77281","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-global-manufacturing-pmi","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77281","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=77281"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77281\/revisions"}],"predecessor-version":[{"id":77282,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77281\/revisions\/77282"}],"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=77281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}