{"id":89288,"date":"2023-09-12T14:42:07","date_gmt":"2023-09-12T10:42:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=89288"},"modified":"2023-09-12T14:42:09","modified_gmt":"2023-09-12T10:42:09","slug":"gold-stabilizes-as-investors-await-the-us-inflation-reading","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-stabilizes-as-investors-await-the-us-inflation-reading\/09\/12\/market-updates\/","title":{"rendered":"Gold stabilizes as investors await the US inflation reading"},"content":{"rendered":"\n<p>Gold prices stabilized on Tuesday as investors awaited a US inflation reading that could update views on interest rates after the Federal Reserve kept the door open to further tightening monetary policy.<\/p>\n\n\n\n<p>gold settled in spot transactions at $1,922.30 per ounce, while US gold futures fell 0.1 percent to $1,946.10.<\/p>\n\n\n\n<p>Market activity is likely to be largely dull until the release of US CPI data on Wednesday, which could provide clues on US interest rates.<\/p>\n\n\n\n<p>\u201cWe suspect that the CPI reading, if it comes in the same direction or even slightly higher, will put some short-term pressure on gold,\u201d said Nicholas Vrabel of ABC Refinery.<\/p>\n\n\n\n<p>Limiting gold&#8217;s gains, the US dollar index recovered some of its losses ahead of the CPI data.<\/p>\n\n\n\n<p>As for other precious metals, silver rose 0.4 percent to $23.16, platinum increased 0.3 percent to $901.02, and palladium advanced 0.3 percent to $1,221.83.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized on Tuesday as investors awaited a US inflation reading that could update views on interest rates after the Federal Reserve kept the door open to further tightening monetary policy. gold settled in spot transactions at $1,922.30 per ounce, while US gold futures fell 0.1 percent to $1,946.10. Market activity is likely to &hellip;<\/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-89288","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\/89288","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=89288"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89288\/revisions"}],"predecessor-version":[{"id":89289,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89288\/revisions\/89289"}],"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=89288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=89288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=89288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}