{"id":78874,"date":"2023-01-24T12:19:45","date_gmt":"2023-01-24T08:19:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=78874"},"modified":"2023-01-24T12:19:47","modified_gmt":"2023-01-24T08:19:47","slug":"gold-rises-thanks-to-the-decline-in-the-dollar-amid-anticipation-of-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-thanks-to-the-decline-in-the-dollar-amid-anticipation-of-us-data\/01\/24\/market-updates\/","title":{"rendered":"Gold rises thanks to the decline in the dollar amid anticipation of US data"},"content":{"rendered":"\n<p>Gold prices rose on Tuesday amid a weaker dollar, and it is likely that the precious metal&#8217;s near-term prices will remain dependent on US economic data expected to be published this week and may affect the Federal Reserve&#8217;s interest rate strategy.<\/p>\n\n\n\n<p>Spot gold rose 0.2 percent to $1,935.04 an ounce by 0606 GMT.<\/p>\n\n\n\n<p>US gold futures rose 0.4 percent to $1,935.60.<\/p>\n\n\n\n<p>Major economic centers such as China and Hong Kong remain closed for the Lunar New Year holidays.<\/p>\n\n\n\n<p>The dollar index fell 0.2%, making bullion priced in the greenback cheaper for holders of other currencies.<\/p>\n\n\n\n<p>Investors are awaiting estimates for US gross domestic product growth for the fourth quarter of last year, due to be published on Thursday.<\/p>\n\n\n\n<p>Low interest usually supports gold prices, as it reduces the opportunity cost of holding non-yielding assets.<\/p>\n\n\n\n<p>As for other precious metals, spot silver rose 0.3 percent to $23.52 an ounce. Platinum rose 0.8 percent to $1,055.25. Palladium rose 0.5% to $1,712.57.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Tuesday amid a weaker dollar, and it is likely that the precious metal&#8217;s near-term prices will remain dependent on US economic data expected to be published this week and may affect the Federal Reserve&#8217;s interest rate strategy. Spot gold rose 0.2 percent to $1,935.04 an ounce by 0606 GMT. US gold &hellip;<\/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":[37,36],"tags":[6885,6874,6984,8439],"class_list":["post-78874","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-treasury-yields","tag-us-equities"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78874","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=78874"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78874\/revisions"}],"predecessor-version":[{"id":78875,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78874\/revisions\/78875"}],"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=78874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=78874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=78874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}