Gold prices rose on Thursday, supported by expectations that the Federal Reserve has reached the end of its monetary tightening cycle, but a stronger dollar limited gains.<\/p>\n\n\n\n
Gold rose in spot transactions 0.1 percent to $1,961.81 per ounce by 0315 GMT, while US gold futures settled at $1,964.60.<\/p>\n\n\n\n
Matt Simpson, chief analyst at City Index, said: \u201cThe fluctuations in gold prices have calmed down after the excitement that followed the US inflation report, and it appears to be completely stable around $1960, despite the dollar\u2019s attempt to recover some of its losses.\u201d<\/p>\n\n\n\n
The dollar continued its gains against competing currencies after strong US economic data, making gold more expensive for buyers abroad.<\/p>\n\n\n\n
Indicators of a slowdown in inflation have reinforced investors’ bets that the US Federal Reserve has finished its cycle of raising interest rates.<\/p>\n\n\n\n
Lowering interest rates supports the attractiveness of the precious metal, which does not generate a return and is used as a hedge against inflation.<\/p>\n\n\n\n
As for other precious metals, silver fell in spot transactions 0.4 percent to $23.36 per ounce, platinum contracts fell 0.6 percent to $890.95, and palladium fell 0.8 percent to $1022.93 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices rose on Thursday, supported by expectations that the Federal Reserve has reached the end of its monetary tightening cycle, but a stronger dollar limited gains. Gold rose in spot transactions 0.1 percent to $1,961.81 per ounce by 0315 GMT, while US gold futures settled at $1,964.60. Matt Simpson, chief analyst at City Index, …<\/p>\n","protected":false},"author":9,"featured_media":61161,"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":[7604,6885,7603,6987,7103,7393],"class_list":["post-92663","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-dollar-index","tag-fed","tag-gold-prices","tag-inflation","tag-ppi-index","tag-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92663","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=92663"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92663\/revisions"}],"predecessor-version":[{"id":92664,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92663\/revisions\/92664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61161"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=92663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=92663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=92663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}