{"id":84510,"date":"2023-05-25T23:47:01","date_gmt":"2023-05-25T19:47:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84510"},"modified":"2023-05-25T23:50:45","modified_gmt":"2023-05-25T19:50:45","slug":"gold-price-retreats-to-march-lows-after-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-price-retreats-to-march-lows-after-us-data\/05\/25\/market-updates\/","title":{"rendered":"Gold price retreats to March lows after US data"},"content":{"rendered":"\n<p>Gold price has retreated to $1,940.00, during Thursday\u2019s US session after US GDP revised up to 1.3% in the first quarter of 2023, while Jobless Claims come in below expectations.<br><br>Core PCE inflation rises by 5% in Q1, the strong US data was dragging gold to its lowest level since March 22. This leads investors to place higher bets on a 25-basis points interest rate hike by the Fed in the upcoming June meeting. Consequently, US bond yields increase, exerting pressure on gold price and favouring the US Dollar.<br><br>Gold price, as of the time of writing, is trading at $1,939.82, which is 0.7% below its opening price. Meanwhile, the US Dollar Index (DXY) Index is currently at the 104.22 level, showing a gain of 0.32% today.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold price has retreated to $1,940.00, during Thursday\u2019s US session after US GDP revised up to 1.3% in the first quarter of 2023, while Jobless Claims come in below expectations.Core PCE inflation rises by 5% in Q1, the strong US data was dragging gold to its lowest level since March 22. This leads investors to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":72288,"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":[6874,8790,9475],"class_list":["post-84510","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold","tag-initial-jobless-claims","tag-q1"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84510","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=84510"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84510\/revisions"}],"predecessor-version":[{"id":84522,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84510\/revisions\/84522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/72288"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}