Gold prices rose from five-month lows on Monday, after falling in the past five sessions, as investors’ focus turned to a meeting of central bankers in Jackson Hole, Wyoming, this week in anticipation of their outlook on the economy and interest rates.<\/p>\n\n\n\n
Spot gold rose 0.3% to $1,892.88 an ounce by 0446 GMT, while US gold futures rose 0.3% to $1,921.70.<\/p>\n\n\n\n
Gold fell to its lowest level since mid-March, recording $1,883.70 last week, after upbeat economic data raised bets on higher US interest rates for a longer period, which reduced demand for non-yielding commodities.<\/p>\n\n\n\n
Investors will focus on US Federal Reserve Chairman Jerome Powell’s speech on Friday at the annual conference of global central bankers in Jackson Hole.<\/p>\n\n\n\n
According to the majority of economists polled by Reuters, the US central bank has probably finished raising interest rates. A slight majority now expects the central bank to wait until at least the end of March before starting to cut rates.<\/p>\n\n\n\n
As for other precious metals, spot contracts rose XAU \/ XAG 0.7 to $ 22.85 an ounce, and platinum rose 0.1 to $ 910.83. Palladium rose 0.2 to $1,258.49.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rose from five-month lows on Monday, after falling in the past five sessions, as investors’ focus turned to a meeting of central bankers in Jackson Hole, Wyoming, this week in anticipation of their outlook on the economy and interest rates. Spot gold rose 0.3% to $1,892.88 an ounce by 0446 GMT, while US …<\/p>\n","protected":false},"author":9,"featured_media":87991,"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":[6885,8322,9714,10397],"class_list":["post-88192","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-fomc-meeting","tag-hike","tag-tightening-cycle"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88192","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=88192"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88192\/revisions"}],"predecessor-version":[{"id":88193,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88192\/revisions\/88193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/87991"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=88192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=88192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=88192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}