Gold prices appear to be heading on Friday, September 1, to achieve gains for the second week in a row, supported by declining chances of raising US interest rates this year after a week full of data, at the end of which an important jobs report is issued.<\/p>\n\n\n\n
Gold settled in spot transactions at $1,938.92 per ounce, but was heading for a weekly gain of more than one percent after prices touched their highest levels in a month on Wednesday. US gold futures hovered around $1,965.60.<\/p>\n\n\n\n
The non-farm payrolls report in the United States is scheduled to be released today at 12:30 GMT, which comes after data during the week showed that job openings reached the lowest level in two and a half years in July and that the economy grew at a slightly slower pace than expected in Second Quarter.<\/p>\n\n\n\n
US bond yields are heading to end the week lower by about 3%, while the dollar is heading to end a six-week series of gains, as the monthly inflation slowdown has strengthened expectations that the US Federal Reserve will keep interest rates unchanged this month.<\/p>\n\n\n\n
As for other precious metals, silver settled in spot transactions at $24.4284 per ounce, and platinum fell 0.2% to $965.98. However, both metals are heading for gains
weekly.<\/p>\n\n\n\n
Palladium rose 0.7% to $1,222.90.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices appear to be heading on Friday, September 1, to achieve gains for the second week in a row, supported by declining chances of raising US interest rates this year after a week full of data, at the end of which an important jobs report is issued. Gold settled in spot transactions at $1,938.92 …<\/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":[6885,6874,6984,8741],"class_list":["post-88870","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\/88870","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=88870"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88870\/revisions"}],"predecessor-version":[{"id":88871,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88870\/revisions\/88871"}],"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=88870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=88870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=88870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}