{"id":437203,"date":"2017-10-21T09:28:17","date_gmt":"2017-10-21T05:28:17","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=437203"},"modified":"2017-10-21T09:28:17","modified_gmt":"2017-10-21T05:28:17","slug":"gold-rate-falls-as-risk-appetite-surges","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2017\/10\/21\/gold-rate-falls-as-risk-appetite-surges\/","title":{"rendered":"Gold Rate Falls As Risk Appetite Surges"},"content":{"rendered":"<p>Gold prices fell on Friday after the US Senate approved a budget plan that paves the way for tax cuts, driving stocks, the dollar and bond yields higher.<\/p>\n<p>The Republican-controlled Senate voted in favor of a late-night budget of 51 to 49, adding up to $ 1.5 trillion to the federal budget deficit over the next 10 years to fund proposed tax cuts.<\/p>\n<p>As a result, investors, betting on faster economic growth, are cutting back on riskier assets as bondholders trimmed their positions on concerns that inflation and federal borrowing could rise.<\/p>\n<p>A higher yield on bonds would increase the pressure on non-yielding gold, while the dollar&#8217;s appreciation would increase the price of the yellow metal for holders of other currencies.<\/p>\n<p>Spot gold fell 0.77 percent to $ 1279.44 an ounce by 1841 GMT. The metal has been around 1.9 percent lower since the start of the week.<\/p>\n<p>The yellow metal in the US futures contract for December delivery fell $ 9.50, or 0.7 percent, to $ 1280.50 an ounce. The weekly decline was 1.8 percent.<\/p>\n<p>Among other precious metals, silver fell 1 percent to $ 17.02 an ounce, hitting a weekly loss of 2 percent.<\/p>\n<p>Platinum fell 0.3 percent to $ 918.50 an ounce, while palladium rose 1.5 percent to $ 972.80 an ounce. The metals are down on a weekly basis<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Friday after the US Senate approved a budget plan that paves the way for tax cuts, driving stocks, the dollar and bond yields higher. The Republican-controlled Senate voted in favor of a late-night budget of 51 to 49, adding up to $ 1.5 trillion to the federal budget deficit over the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":437204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-437203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-prices"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/437203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=437203"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/437203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/437204"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=437203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=437203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=437203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}