{"id":81235,"date":"2023-03-09T12:02:52","date_gmt":"2023-03-09T08:02:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81235"},"modified":"2023-03-09T12:02:56","modified_gmt":"2023-03-09T08:02:56","slug":"gold-rises-with-the-decline-of-usd-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-with-the-decline-of-usd-2\/03\/09\/market-updates\/","title":{"rendered":"Gold rises with the decline of USD"},"content":{"rendered":"\n<p>Spot gold rose on Thursday as the dollar fell, but Federal Reserve Chairman Jerome Powell&#8217;s hawkish comments about raising interest capped the precious metal&#8217;s gains.<\/p>\n\n\n\n<p>And by 0046 GMT, spot gold rose 0.1 percent to $ 1815.58 an ounce, after reaching its lowest level in a week on Wednesday. There was little change in US gold futures contracts, and they remained at $ 1819.10 an ounce.<\/p>\n\n\n\n<p>The dollar index retreated from its highest level in three months, which it reached on Wednesday, which makes the precious metal cheaper for buyers of other currency holders.<\/p>\n\n\n\n<p>On Wednesday, Powell reiterated his message of a higher and possibly faster rate hike, but noted that the debate was still going on, and that the decision was contingent on data coming out before the central bank&#8217;s policy committee meeting in two weeks&#8217; time.<\/p>\n\n\n\n<p>As for other precious metals, silver settled in spot transactions at $20.01 an ounce. Platinum rose 0.1 percent to $938.23 an ounce. Palladium rose 0.2 percent to $1,375.47 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot gold rose on Thursday as the dollar fell, but Federal Reserve Chairman Jerome Powell&#8217;s hawkish comments about raising interest capped the precious metal&#8217;s gains. And by 0046 GMT, spot gold rose 0.1 percent to $ 1815.58 an ounce, after reaching its lowest level in a week on Wednesday. There was little change in US &hellip;<\/p>\n","protected":false},"author":9,"featured_media":81236,"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":[6885,6874,8143,7163,6984,8324],"class_list":["post-81235","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-interest-rate-hikes","tag-jerome-powell","tag-treasury-yields","tag-us-dollar-index"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81235","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=81235"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81235\/revisions"}],"predecessor-version":[{"id":81237,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81235\/revisions\/81237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81236"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}