{"id":88750,"date":"2023-08-31T02:04:03","date_gmt":"2023-08-30T22:04:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=88750"},"modified":"2023-08-31T13:34:18","modified_gmt":"2023-08-31T09:34:18","slug":"gold-gains-traction-amid-weaker-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-gains-traction-amid-weaker-us-data\/08\/31\/market-updates\/","title":{"rendered":"Gold gains amid weaker US data"},"content":{"rendered":"\n<p>With a three-day winning streak near $1,942 and almost 1.50% daily gains. The US reported weaker labour market figures, with ADP Employment Change increasing by 177,000 employed people, lower than expected.<br><br>Jerome Powell emphasized restrictive monetary policy until cooling trends show a cooling trend. The US bond yields decreased to 4.88%, 4.26%, and 4.11%, with around 0.40% daily losses. The XAU\/USD advance is attributed to the decrease in Treasury bond yields, which are often seen as the opportunity cost of holding gold. <br><br>Fed could leave interest rate unchanged in the September 20 monetary policy meeting, while the odds of a hike in November slightly decreased to 40%. Swaps markets are discounting sooner rate cuts in June 2024, applying downside pressure to US bond yields. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a three-day winning streak near $1,942 and almost 1.50% daily gains. The US reported weaker labour market figures, with ADP Employment Change increasing by 177,000 employed people, lower than expected.Jerome Powell emphasized restrictive monetary policy until cooling trends show a cooling trend. The US bond yields decreased to 4.88%, 4.26%, and 4.11%, with around &hellip;<\/p>\n","protected":false},"author":13,"featured_media":81236,"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":[6885,6874,6984,8741],"class_list":["post-88750","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-treasury-yields","tag-us-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88750","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=88750"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88750\/revisions"}],"predecessor-version":[{"id":88759,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88750\/revisions\/88759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81236"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=88750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=88750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=88750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}