{"id":79859,"date":"2023-02-13T12:05:35","date_gmt":"2023-02-13T08:05:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=79859"},"modified":"2023-02-13T12:05:37","modified_gmt":"2023-02-13T08:05:37","slug":"gold-prices-stabilize-ahead-of-us-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-stabilize-ahead-of-us-inflation-data\/02\/13\/market-updates\/","title":{"rendered":"Gold prices stabilize ahead of US inflation data"},"content":{"rendered":"\n<p>Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve&#8217;s plans for the future of interest rates.<\/p>\n\n\n\n<p>Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose 0.1% to $1,876.90.<\/p>\n\n\n\n<p>Gold is considered a hedge against inflation, but the cost of holding it rises when interest rates are raised to curb inflation.<\/p>\n\n\n\n<p>The dollar index rose 0.1 percent, making the greenback-denominated metal more expensive for holders of other currencies. Benchmark 10-year Treasury yields have hovered near their highest levels since Jan. 6.<\/p>\n\n\n\n<p>Silver in the spot market fell 0.3 percent to $21.93 an ounce, platinum fell 0.1 percent to $943.76, while palladium rose 0.1 percent to $1,544.14.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve&#8217;s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose 0.1% to $1,876.90. Gold is &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-79859","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\/79859","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=79859"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79859\/revisions"}],"predecessor-version":[{"id":79860,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79859\/revisions\/79860"}],"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=79859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=79859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=79859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}