Gold prices experienced an upturn on Monday, driven by heightened geopolitical tensions in the Middle East, which prompted increased demand for the precious metal as a safe-haven asset. Trading activity remained subdued as investors awaited statements from the Federal Reserve Chairman for clarification on interest rate matters.<\/p>\n\n\n\n
In spot transactions, gold rose by 0.4 percent, reaching $2,025.99 per ounce by 0403 GMT. Concurrently, US gold futures also saw a 0.4 percent increase, reaching $2,025.20.<\/p>\n\n\n\n
Geopolitical concerns were exacerbated after a drone attack on American forces stationed in northeastern Jordan resulted in the death of three US soldiers.<\/p>\n\n\n\n
With the upcoming Federal Reserve meeting scheduled for January 30-31, market expectations lean towards the central bank maintaining unchanged interest rates.<\/p>\n\n\n\n
In the realm of other precious metals, silver recorded a 0.5 percent increase in spot transactions, reaching $22.91 per ounce. Meanwhile, platinum experienced a 0.2 percent decline, falling to $911.18, and palladium saw a 0.3 percent decrease, reaching $952.33.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices experienced an upturn on Monday, driven by heightened geopolitical tensions in the Middle East, which prompted increased demand for the precious metal as a safe-haven asset. Trading activity remained subdued as investors awaited statements from the Federal Reserve Chairman for clarification on interest rate matters. In spot transactions, gold rose by 0.4 percent, …<\/p>\n","protected":false},"author":9,"featured_media":93891,"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":[7907,6885,194,7603],"class_list":["post-96055","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-boj","tag-fed","tag-gdp","tag-gold-prices"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96055","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=96055"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96055\/revisions"}],"predecessor-version":[{"id":96056,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96055\/revisions\/96056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/93891"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}