{"id":437215,"date":"2018-04-29T06:17:19","date_gmt":"2018-04-29T02:17:19","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=437215"},"modified":"2018-04-29T06:17:19","modified_gmt":"2018-04-29T02:17:19","slug":"how-does-the-convergence-of-the-two-koreas-affect-gold-prices","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2018\/04\/29\/how-does-the-convergence-of-the-two-koreas-affect-gold-prices\/","title":{"rendered":"How does the convergence of the two Koreas affect gold prices?"},"content":{"rendered":"

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Gold prices rose after the dollar and US Treasuries fell from their high levels, but the prospect of an agreement to make the Korean Peninsula a nuclear-weapon-free zone reduces the precious metal’s appeal as a safe haven.<\/p>\n

Spot gold rose 0.5 percent to $ 1323.84 an ounce late in the US session. US gold futures for June delivery rose 0.42 percent to $ 1323.40 an ounce.<\/p>\n

Said Walter Behuvic, Deputy Chief Executive Officer of Dillon Metals Investment Services “decline in the dollar and also yields US Treasury bonds fell 3 percent boost Aattiyan gold.”<\/p>\n

Ten-year Treasury yields, a benchmark for global interest rates, continued their slide from the 3 percent level it surpassed on Wednesday for the first time in four years.<\/p>\n

Typically, rising US bond yields are putting pressure on gold by reducing the attractiveness of the precious, non-yielding, dollar-denominated metal.<\/p>\n

But traders said the fall in US Treasury and dollar yields and the fall of gold to a key support level has triggered buying in the yellow metal.<\/p>\n

Gold finished the week down about 1 percent for the second week in a row, the biggest drop in four weeks.<\/p>\n

Among other precious metals, spot silver rose 0.3 percent to $ 16.53 an ounce, ending the week with a loss of about 2.5 percent.<\/p>\n

Platinum rose about 0.6 percent to $ 911.74 a troy ounce after hitting its lowest level since Dec. 18 at $ 900.50.<\/p>\n

Palladium fell 1.08 percent to $ 973.90 an ounce, ending the week with a loss of about 6 percent. The metal has jumped nearly 10 percent since the United States imposed sanctions on Russian entities on April 6. Russia is the world’s largest producer of palladium.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold prices rose after the dollar and US Treasuries fell from their high levels, but the prospect of an agreement to make the Korean Peninsula a nuclear-weapon-free zone reduces the precious metal’s appeal as a safe haven. Spot gold rose 0.5 percent to $ 1323.84 an ounce late in the US session. US gold futures […]<\/p>\n","protected":false},"author":3,"featured_media":437216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-437215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/437215","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=437215"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/437215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/437216"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=437215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=437215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=437215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}