{"id":84765,"date":"2023-06-01T01:59:33","date_gmt":"2023-05-31T21:59:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84765"},"modified":"2023-06-01T02:00:50","modified_gmt":"2023-05-31T22:00:50","slug":"gold-reclaims-1960s-on-us-debt-ceiling-hopes-lower-us-bond-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-reclaims-1960s-on-us-debt-ceiling-hopes-lower-us-bond-yields\/06\/01\/market-updates\/","title":{"rendered":"Gold reclaims $1960s on US debt ceiling hopes, lower US bond yields"},"content":{"rendered":"\n<p>Gold price stays above the $1960 mark, it is trading at $1962.09 at the time of writing, even preparing for over 1.3% monthly losses in May. Expectations of resolving the US debt ceiling issue spark a dip in US Treasury bond yields, offering a lift to the Gold Index.<\/p>\n\n\n\n<p>Dovish language by Fed officials and robust US job openings data paint a mixed economic picture, potentially impacting gold\u2019s future trajectory. Gold price advanced during the day but remained set to achieve monthly losses of more than 1.30% in May, portraying modest gains, and is trading back above the $1960 area. Factors like confidence for removing the debt ceiling in the United States, with the US House set for a vote on Wednesday night, spurred a plunge in US Treasury bond yields, a tailwind for XAU\/USD prices.<\/p>\n\n\n\n<p>The US House of Representatives held a procedural vote, \u201cwhich allows for the start of the debate and then a vote on the bill itself, passed by a vote of 241-187, with 52 Democrats needed to overcome the opposition of 29 Republicans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold price stays above the $1960 mark, it is trading at $1962.09 at the time of writing, even preparing for over 1.3% monthly losses in May. Expectations of resolving the US debt ceiling issue spark a dip in US Treasury bond yields, offering a lift to the Gold Index. Dovish language by Fed officials and &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":[7487,6874,7096],"class_list":["post-84765","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-debt-ceiling","tag-gold","tag-job-openings"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84765","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=84765"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84765\/revisions"}],"predecessor-version":[{"id":84766,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84765\/revisions\/84766"}],"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=84765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}