Gold rose on Friday after the dollar hovered near a one-month low, but expectations of an increase in US interest rates this year limited gains.<\/p>\n\n\n\n
And gold in spot transactions increased 0.3 percent to $ 1964.19 an ounce by 1030 GMT, on its way to rise 0.2 percent this week. US gold futures rose 0.3 percent to $1,976.70.<\/p>\n\n\n\n
The dollar index rose, but settled near its lowest level in a month, making gold less expensive for holders of other currencies.<\/p>\n\n\n\n
After the Federal Reserve indicated on Wednesday that interest rates may still need to rise by up to half a percentage point by the end of the year, traders expect a 25 basis point rate hike in July.<\/p>\n\n\n\n
High interest rates weaken the demand for gold, which does not yield a return.<\/p>\n\n\n\n
As for other precious metals, spot silver rose 0.6 percent to $24.01 an ounce, and platinum rose 0.1 percent to $986.59. But the two metals are heading for a weekly loss.<\/p>\n\n\n\n
Palladium fell 0.5% to $1,393.40, and is set to record its best weekly performance since mid-April.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold rose on Friday after the dollar hovered near a one-month low, but expectations of an increase in US interest rates this year limited gains. And gold in spot transactions increased 0.3 percent to $ 1964.19 an ounce by 1030 GMT, on its way to rise 0.2 percent this week. US gold futures rose 0.3 …<\/p>\n","protected":false},"author":9,"featured_media":71340,"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":[6885,7603,6984],"class_list":["post-85470","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold-prices","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85470","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=85470"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85470\/revisions"}],"predecessor-version":[{"id":85471,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85470\/revisions\/85471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=85470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=85470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=85470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}