{"id":87014,"date":"2023-07-26T13:01:45","date_gmt":"2023-07-26T09:01:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=87014"},"modified":"2023-07-26T13:01:47","modified_gmt":"2023-07-26T09:01:47","slug":"gold-rises-as-traders-await-indications-from-the-fed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-as-traders-await-indications-from-the-fed\/07\/26\/market-updates\/","title":{"rendered":"Gold rises as traders await indications from the Fed"},"content":{"rendered":"\n<p>Gold rose, but its movements remained within a narrow range on Wednesday, as dealers held back from big bets ahead of the US Federal Reserve&#8217;s policy decision later in the day.<\/p>\n\n\n\n<p>Spot gold rose 0.3 percent to $1,969.51 an ounce by 0747 GMT.<\/p>\n\n\n\n<p>US gold futures rose 0.4 percent to $1,971.<\/p>\n\n\n\n<p>&#8220;The broader markets are eyeing a significant rate pause for the remainder of the year, while Fed officials could go in the opposite direction by leaving the door open for another hike in September or November,&#8221; said Yip Jun Rong, market analyst at IG.<\/p>\n\n\n\n<p>Gold is highly sensitive to rising interest rates because it increases the opportunity cost of holding non-yielding metal.<\/p>\n\n\n\n<p>As for other precious metals, there was no significant change in silver prices, which recorded $24.68 an ounce, platinum rose 0.3 percent to $967.58, and palladium fell 0.2 percent to $1281.70.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rose, but its movements remained within a narrow range on Wednesday, as dealers held back from big bets ahead of the US Federal Reserve&#8217;s policy decision later in the day. Spot gold rose 0.3 percent to $1,969.51 an ounce by 0747 GMT. US gold futures rose 0.4 percent to $1,971. &#8220;The broader markets are &hellip;<\/p>\n","protected":false},"author":9,"featured_media":77932,"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":[6885,9591,6874,8143],"class_list":["post-87014","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-fomc-decision","tag-gold","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87014","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=87014"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87014\/revisions"}],"predecessor-version":[{"id":87015,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87014\/revisions\/87015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77932"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}