{"id":51233,"date":"2022-12-31T13:55:32","date_gmt":"2022-12-31T09:55:32","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=51233"},"modified":"2022-12-31T13:55:34","modified_gmt":"2022-12-31T09:55:34","slug":"gold-poised-for-significant-quarterly-rise-following-interest-rate-driven-decline","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2022\/12\/31\/gold-poised-for-significant-quarterly-rise-following-interest-rate-driven-decline\/","title":{"rendered":"Gold poised for significant quarterly rise following interest rate-driven decline"},"content":{"rendered":"\n<p>On the last trading day of 2022, spot gold rose 0.2% to $1,818.70 per ounce by 2:17 p.m, while U.S. gold futures settled unchanged at $1,826.2, Reuters reported.<\/p>\n\n\n\n<p>Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020, thanks to predictions of fewer interest rate hikes by the U.S. Fed following a drop from record highs earlier this year.<br>\nBullion is only down about 0.5% in 2022 as back-to-back rate hikes by the U.S. central bank pushed gold to a more than two-year low in September, but prices have pared losses since.<\/p>\n\n\n\n<p>The reaction of global central banks to rising inflation will dictate market sentiment through 2023, according to economists quoted by Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the last trading day of 2022, spot gold rose 0.2% to $1,818.70 per ounce by 2:17 p.m, while U.S. gold futures settled unchanged at $1,826.2, Reuters reported. Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020, thanks to predictions of fewer interest &hellip;<\/p>\n","protected":false},"author":2,"featured_media":51234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51233","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/51233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=51233"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/51233\/revisions"}],"predecessor-version":[{"id":51235,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/51233\/revisions\/51235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/51234"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=51233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=51233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=51233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}