{"id":90447,"date":"2023-10-05T19:50:02","date_gmt":"2023-10-05T15:50:02","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=90447"},"modified":"2023-10-05T19:52:08","modified_gmt":"2023-10-05T15:52:08","slug":"gold-price-faces-constrained-outlook","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-price-faces-constrained-outlook\/10\/05\/market-updates\/","title":{"rendered":"Gold price faces constrained outlook"},"content":{"rendered":"\n<p>Below $1,820 per ounce, gold is at its lowest price since March, a loss of $100. Economists evaluate the prospects for the yellow metal. A barrier to gold in the near term is uncertainty over when US rates and the dollar will peak. The precious metal is trading at 1814.69 at the time of writing.<br><br>When risk-free rates increase and the US dollar strengthens, the metal is normally under pressure because non-dollar investors will pay more for it and demand will be muted.<br><br>Economists now see a more limited view for Gold as a result of increased opportunity costs, with the metal completing the year around $1,850 instead of $1,950 and climbing to $1,950 by the end of June 2024 instead of $2,100 before.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Below $1,820 per ounce, gold is at its lowest price since March, a loss of $100. Economists evaluate the prospects for the yellow metal. A barrier to gold in the near term is uncertainty over when US rates and the dollar will peak. The precious metal is trading at 1814.69 at the time of writing.When &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":[38,36],"tags":[6874,8367,10582],"class_list":["post-90447","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold","tag-us-dollar","tag-us-rates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90447","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=90447"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90447\/revisions"}],"predecessor-version":[{"id":90489,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90447\/revisions\/90489"}],"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=90447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=90447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=90447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}