Gold prices touched their highest levels in nearly a month on Wednesday after the Gaza hospital explosion reinforced fears of escalating conflict in the Middle East and maintained the precious metal’s appeal as a safe investment.<\/p>\n\n\n\n
By 0700 GMT, the price of gold in spot transactions had risen 0.7 percent to $1,935.63 per ounce, and US gold futures had jumped 0.7 percent to $1,948.40.<\/p>\n\n\n\n
Hundreds were killed in a hospital explosion in Gaza on Tuesday, sparking protests in the West Bank and the Middle East.<\/p>\n\n\n\n
Gold prices have risen by about $100 since the outbreak of the conflict, despite the strong US economic data that was issued recently and reinforced bets on interest rates remaining high for a longer period, which usually weighs on gold prices, which does not generate returns.<\/p>\n\n\n\n
Markets are now awaiting Federal Reserve Chairman Jerome Powell’s speech on Thursday for signals on interest rates.<\/p>\n\n\n\n
For other precious metals, silver in spot transactions increased 0.9 percent to $23.02 per ounce, platinum rose 0.3 percent to $900.15, and palladium fell 0.2 percent to $1,141.04.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices touched their highest levels in nearly a month on Wednesday after the Gaza hospital explosion reinforced fears of escalating conflict in the Middle East and maintained the precious metal’s appeal as a safe investment. By 0700 GMT, the price of gold in spot transactions had risen 0.7 percent to $1,935.63 per ounce, and …<\/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":[6885,6874,7517,7163,9822],"class_list":["post-91115","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-interest-rates","tag-jerome-powell","tag-retail-sales-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91115","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=91115"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91115\/revisions"}],"predecessor-version":[{"id":91116,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91115\/revisions\/91116"}],"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=91115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=91115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=91115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}