{"id":82979,"date":"2023-04-18T04:56:06","date_gmt":"2023-04-18T00:56:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=82979"},"modified":"2023-04-18T14:12:55","modified_gmt":"2023-04-18T10:12:55","slug":"gold-gains-on-the-us-dollars-steady-decline","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-gains-on-the-us-dollars-steady-decline\/04\/18\/market-updates\/","title":{"rendered":"Gold recovers on US dollar&#8217;s correction"},"content":{"rendered":"\n<p>A slight pullback in the USD Index coincided with an effort at a recovery in the gold price, which scaled to close to $1,994.60. It would not be reasonable to view Gold&#8217;s upward trend as a reversal given the strong odds on another Fed rate hike.<br><br>The Fed&#8217;s Beige Book will give hints about the 12 Fed districts&#8217; present economic situation. After striking an eight-day low of $1,981.02 late on Monday, the price of gold has since shown signs of recovery.<br><br>After a slight correction in the US Dollar Index, the precious metal has recovered to be close to $1,996.00. Since the odds of another rate hike from the Federal Reserve (Fed) are very strong, it would not be justified to view the recovery move as a reversal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A slight pullback in the USD Index coincided with an effort at a recovery in the gold price, which scaled to close to $1,994.60. It would not be reasonable to view Gold&#8217;s upward trend as a reversal given the strong odds on another Fed rate hike.The Fed&#8217;s Beige Book will give hints about the 12 &hellip;<\/p>\n","protected":false},"author":13,"featured_media":77716,"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":[8501,6874,8324],"class_list":["post-82979","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-feds-beige-book","tag-gold","tag-us-dollar-index"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82979","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=82979"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82979\/revisions"}],"predecessor-version":[{"id":82993,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82979\/revisions\/82993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77716"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}