{"id":79810,"date":"2023-02-10T17:41:15","date_gmt":"2023-02-10T13:41:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=79810"},"modified":"2023-02-10T22:35:08","modified_gmt":"2023-02-10T18:35:08","slug":"the-stability-of-gold-prices-ahead-of-us-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-stability-of-gold-prices-ahead-of-us-inflation-data\/02\/10\/market-updates\/","title":{"rendered":"Gold prices stabilize ahead of US inflation data"},"content":{"rendered":"\n<p>Gold prices stabilized on Friday as market focus shifted to US inflation data due next week, which is likely to provide a clear picture of the Federal Reserve&#8217;s monetary policy path.<\/p>\n\n\n\n<p>Spot gold prices remained largely unchanged at $1,862.74 an ounce by 1209 GMT, after hitting the lowest since January 6 earlier in the session. Gold recorded a weekly decline of 0.1 percent.<\/p>\n\n\n\n<p>US gold futures fell 0.1 percent to $1,875.90.<\/p>\n\n\n\n<p>Investors are awaiting US inflation data due on February 14.<\/p>\n\n\n\n<p>The dollar rose 0.2 percent against its rivals. A stronger dollar would make gold priced in the US currency less expensive for buyers of other currencies.<\/p>\n\n\n\n<p>As for other precious metals, spot silver rose 0.5 percent to $ 22.08 an ounce, but it is heading towards recording a weekly decline, which will be the fourth in a row.<\/p>\n\n\n\n<p>Palladium fell 2.1 percent to $1,595.24. Platinum rose 0.3 percent to $ 956.98, but it is expected to record the fifth consecutive weekly decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized on Friday as market focus shifted to US inflation data due next week, which is likely to provide a clear picture of the Federal Reserve&#8217;s monetary policy path. Spot gold prices remained largely unchanged at $1,862.74 an ounce by 1209 GMT, after hitting the lowest since January 6 earlier in the session. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70951,"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":[7072,6868,6874,8676],"class_list":["post-79810","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-factory-activity","tag-fomc","tag-gold","tag-ism-manufacturing-pmi"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79810","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=79810"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79810\/revisions"}],"predecessor-version":[{"id":79826,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79810\/revisions\/79826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70951"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=79810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=79810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=79810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}