{"id":83562,"date":"2023-05-03T10:30:29","date_gmt":"2023-05-03T06:30:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=83562"},"modified":"2023-05-03T10:30:33","modified_gmt":"2023-05-03T06:30:33","slug":"gold-is-hovering-above-2000-ahead-of-the-feds-rate-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-hovering-above-2000-ahead-of-the-feds-rate-decision\/05\/03\/market-updates\/","title":{"rendered":"Gold is hovering above $2,000 ahead of the Fed&#8217;s rate decision"},"content":{"rendered":"\n<p>Gold prices hovered above the $2,000 mark on Wednesday, as investors await the Federal Reserve&#8217;s decision on interest rates due later on Wednesday.<\/p>\n\n\n\n<p>Gold settled in spot transactions at $ 2016.29 an ounce by 0140 GMT, after rising by more than one percent in the previous session.<\/p>\n\n\n\n<p>US gold futures rose 0.1% to $2,026.10.<\/p>\n\n\n\n<p>The Federal Reserve&#8217;s interest rate decision is due at 1800 GMT, amid broad expectations that it will raise it by 25 basis points.<\/p>\n\n\n\n<p>Gold is usually viewed as a hedge in times of rising inflation and economic turmoil, but high interest reduces the attractiveness of the non-return metal.<\/p>\n\n\n\n<p>As for other precious metals, spot silver fell 0.2 percent to $25.33 an ounce, platinum fell 0.4 percent to $1061.53, while palladium increased 0.4 percent to $1434.62.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices hovered above the $2,000 mark on Wednesday, as investors await the Federal Reserve&#8217;s decision on interest rates due later on Wednesday. Gold settled in spot transactions at $ 2016.29 an ounce by 0140 GMT, after rising by more than one percent in the previous session. US gold futures rose 0.1% to $2,026.10. The &hellip;<\/p>\n","protected":false},"author":9,"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":[194,6874,9796,6834],"class_list":["post-83562","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gdp","tag-gold","tag-jolts-job-openings","tag-pmi"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83562","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=83562"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83562\/revisions"}],"predecessor-version":[{"id":83563,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83562\/revisions\/83563"}],"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=83562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}