{"id":86026,"date":"2023-07-03T19:49:00","date_gmt":"2023-07-03T15:49:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86026"},"modified":"2023-07-03T21:32:50","modified_gmt":"2023-07-03T17:32:50","slug":"gold-climbs-to-one-week-highs-after-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-climbs-to-one-week-highs-after-us-data\/07\/03\/market-updates\/","title":{"rendered":"Gold climbs to one-week highs after US data"},"content":{"rendered":"\n<p>Gold gains momentum after Monday\u2019s US ISM Manufacturing.  The Gold Index extends rebounds from monthly lows, tests $1,930 per ounce.<br><br>US Dollar erases some of its earlier gains, US yields pullback from weekly highs.  Following the release of weaker-than-expected US economic data, gold price jumped to $1,931, reaching the highest level in a week. The weaker data triggered a decline of the US Dollar and boosted Treasury bonds. <br><br>The US ISM Manufacturing PMI dropped from 46.9 to 46.0, falling short of expectations for a modest recovery to 47.2. The Prices Paid Index also fell, declining from 44.2 to 41.8, while Employment dropped from 51.4 to 41.8. <br><br><br>These figures indicate ongoing problems in the manufacturing sector and softer price pressures, which weighed on the US dollar. As a result, the DXY fell to 102.75, testing Friday&#8217;s lows, while the 10-year US bond yield pulled back from 3.86% and bottomed at 3.78%.<br><br>Following the report, XAU\/USD jumped to $1,931 but failed to hold above $1,930. It is currently hovering around $1,926, up for the second consecutive trading day. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold gains momentum after Monday\u2019s US ISM Manufacturing. The Gold Index extends rebounds from monthly lows, tests $1,930 per ounce.US Dollar erases some of its earlier gains, US yields pullback from weekly highs. Following the release of weaker-than-expected US economic data, gold price jumped to $1,931, reaching the highest level in a week. The weaker &hellip;<\/p>\n","protected":false},"author":13,"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":[37,36],"tags":[7603,8676],"class_list":["post-86026","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-gold-prices","tag-ism-manufacturing-pmi"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86026","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=86026"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86026\/revisions"}],"predecessor-version":[{"id":86049,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86026\/revisions\/86049"}],"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=86026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}