Gold prices rose on Friday as the rise of the dollar and US Treasury bond yields halted, but it is on track to record a monthly and quarterly decline under pressure from growing expectations that the US Central Bank will keep interest rates high for a longer period.<\/p>\n\n\n\n
Spot gold rose 0.2 percent to $1,867.80 an ounce by 1148 GMT. US gold futures increased 0.4 percent to $1,885.10 an ounce.<\/p>\n\n\n\n
The dollar fell from a 10-month peak, and US Treasury bond yields fell from a 16-year peak, which increased the attractiveness of gold, but the currency and bonds are on their way to recording the best quarterly performance in a year.<\/p>\n\n\n\n
Gold touched its lowest level in six months on Thursday and is on track to record its worst monthly performance in seven months, with a decline of 3.5 percent in September and a quarterly decline of 2.5 percent.<\/p>\n\n\n\n
Higher interest rates increase the opportunity cost of holding the yellow metal, which is denominated in dollars and does not generate a return.<\/p>\n\n\n\n
As for other precious metals, silver rose in spot transactions 2.1 percent to $23.07 per ounce, platinum also rose 0.9 percent to $912.54 per ounce, and palladium increased 0.1 percent to $1,273.69. If all of them manage to maintain the rise, the three metals are on track to record quarterly gains.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rose on Friday as the rise of the dollar and US Treasury bond yields halted, but it is on track to record a monthly and quarterly decline under pressure from growing expectations that the US Central Bank will keep interest rates high for a longer period. Spot gold rose 0.2 percent to $1,867.80 …<\/p>\n","protected":false},"author":9,"featured_media":70951,"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":[7060,6885,6874,7238],"class_list":["post-90209","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-durable-goods","tag-fed","tag-gold","tag-goldman-sachs"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90209","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=90209"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90209\/revisions"}],"predecessor-version":[{"id":90210,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90209\/revisions\/90210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70951"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=90209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=90209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=90209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}