{"id":93489,"date":"2023-12-04T11:29:34","date_gmt":"2023-12-04T07:29:34","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=93489"},"modified":"2023-12-04T11:30:06","modified_gmt":"2023-12-04T07:30:06","slug":"gold-prices-reach-all-time-highs","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-reach-all-time-highs\/12\/04\/market-updates\/","title":{"rendered":"Gold prices reach all-time highs"},"content":{"rendered":"\n<p>Gold prices rose to an all-time high above $2,100 an ounce on Monday as comments from Federal Reserve Chairman Jerome Powell boosted traders&#8217; confidence that the US central bank may cut interest rates early next year.<\/p>\n\n\n\n<p>Lower interest rates reduce the opportunity cost of holding non-interest-bearing yellow metal.<\/p>\n\n\n\n<p>By 05:30 GMT, the spot price of gold rose 0.8 percent to $2,087.69 per ounce. Earlier in the session, gold rose to an all-time high of $2,111.39.<\/p>\n\n\n\n<p>US gold futures rose about 1 percent to $2,107.50.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Powell said on Friday that the Fed is not considering cutting interest rates at the moment.<\/p>\n\n\n\n<p>As for other precious metals, silver rose in spot transactions 0.1 percent to $25.45 per ounce, palladium fell 0.5 percent to $929.10 per ounce, and platinum fell 0.4 percent to $996.04.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose to an all-time high above $2,100 an ounce on Monday as comments from Federal Reserve Chairman Jerome Powell boosted traders&#8217; confidence that the US central bank may cut interest rates early next year. Lower interest rates reduce the opportunity cost of holding non-interest-bearing yellow metal. By 05:30 GMT, the spot price of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":87991,"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":[6885,9278,9358,10754],"class_list":["post-93489","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold-price","tag-hawkish-stance","tag-monetary-policy-easing"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93489","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=93489"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93489\/revisions"}],"predecessor-version":[{"id":93491,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93489\/revisions\/93491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/87991"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}