{"id":82997,"date":"2023-04-18T11:58:27","date_gmt":"2023-04-18T07:58:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=82997"},"modified":"2023-04-18T11:58:29","modified_gmt":"2023-04-18T07:58:29","slug":"gold-rises-with-the-decline-of-the-dollar-3","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-with-the-decline-of-the-dollar-3\/04\/18\/market-updates\/","title":{"rendered":"Gold rises with the decline of the dollar"},"content":{"rendered":"\n<p>Gold prices rose on Tuesday as the dollar weakened, as investors await more clues about the Federal Reserve&#8217;s interest rate path.<\/p>\n\n\n\n<p>Spot gold rose 0.2 percent to $2,001.09 an ounce by 0457 GMT. And US gold futures rose 0.2 percent to 2011.10 dollars.<\/p>\n\n\n\n<p>The dollar index fell 0.1%, making bullion priced in the greenback cheaper for buyers abroad.<\/p>\n\n\n\n<p>Gold prices fell to a two-week low on Monday after data showed manufacturing activity in New York state increased for the first time in five months.<\/p>\n\n\n\n<p>The data reinforced expectations that the Federal Reserve will raise interest rates at its meeting in May.<\/p>\n\n\n\n<p>Gold is considered a hedge in times of high inflation and economic uncertainty, but high interest rates undermine the attractiveness of non-yielding bullion.<\/p>\n\n\n\n<p>As for other precious metals, spot silver fell 0.4 percent to $25.02 an ounce, platinum fell 0.1 percent to $1,046.55, and palladium fell 0.2 percent to $1,562.26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose on Tuesday as the dollar weakened, as investors await more clues about the Federal Reserve&#8217;s interest rate path. Spot gold rose 0.2 percent to $2,001.09 an ounce by 0457 GMT. And US gold futures rose 0.2 percent to 2011.10 dollars. The dollar index fell 0.1%, making bullion priced in the greenback cheaper &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":[38,37,36],"tags":[8501,6874,8324],"class_list":["post-82997","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\/82997","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=82997"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82997\/revisions"}],"predecessor-version":[{"id":82998,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82997\/revisions\/82998"}],"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=82997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}