{"id":386841,"date":"2021-12-28T20:19:49","date_gmt":"2021-12-28T17:19:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gold-prices-hit-one-month-high-on-inflation-worries\/"},"modified":"2021-12-28T20:19:49","modified_gmt":"2021-12-28T17:19:49","slug":"gold-prices-hit-one-month-high-on-inflation-worries","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gold-prices-hit-one-month-high-on-inflation-worries\/","title":{"rendered":"#Gold prices hit one-month high on inflation worries"},"content":{"rendered":"<p>&#8220;<strong>#Gold prices hit one-month high on inflation worries<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Gold scaled a one-month high on Tuesday as recent signs of rising inflation underpinned demand, although the metal gave up some early gains due to a firming US dollar.<\/p>\n<p>Spot gold was up 0.1% at $1,812.30 per ounce in late morning trading, after hitting its highest since Nov. 22 at $1,820. US gold futures rose 0.3% to $1,814.50.<\/p>\n<p>The lack of a rise in bond yields and building inflationary pressures are supportive factors for the gold market, said David Meger, director of metals trading at High Ridge Futures.<\/p>\n<p>\u201cThe ongoing trend (for gold) remains sideways to higher in the near term, and we believe that this trend is coming from the continuation of the inflationary pressures that we see building in the market.\u201d<\/p>\n<p>The US dollar gained 0.1% against a basket of peers, reducing gold\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal for holders of non-U.S. currencies.<\/p>\n<p>While gold prices are expected to stay around the current levels early next year, rising US interest rates and falling inflation could hit prices, said UBS analyst Giovanni Staunovo, forecasting the metal to end 2022 around $1,650 per ounce.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/gold_02.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Bars of gold\" class=\"wp-image-20637867\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/gold_02.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/gold_02.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/gold_02.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Inflation contributed to investors\u2019 most recent interest in gold.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Bullion\u2019s gains were also limited by a rise in US equities, with the S&amp;P 500 opening at a record high as investors remained unshaken by Omicron-driven <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> disruptions and store closures.<\/p>\n<p>\u201cWhile there are concerns over the Omicron variant, the investment demand (for gold) is quite flat. So, it is just the year-end rally since there is still some risk-on sentiment present,\u201d said Jigar Trivedi, a commodities analyst at Mumbai-based broker Anand Rathi Shares.<\/p>\n<p>Silver rose 0.2% to $23.08 per ounce, while platinum climbed 1% to $980.<\/p>\n<p>Palladium rose 1.3% to $1,996.16, having touched a more than one-month peak of $2,007.50 earlier in the session.\u00a0\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/12\/28\/gold-prices-hit-one-month-high-on-inflation-worries\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Gold prices hit one-month high on inflation worries&#8221; Gold scaled a one-month high on Tuesday as recent signs of rising inflation underpinned demand, although the metal gave up some early gains due to a firming US dollar. Spot gold was up 0.1% at $1,812.30 per ounce in late morning trading, after hitting its highest since&#8230;<\/p>\n","protected":false},"author":1,"featured_media":386842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/gold_03.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122728,5069,88397,71835,120464],"class_list":["post-386841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-28-21","tag-economy","tag-global-economy","tag-gold","tag-omicron-variant"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/386841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=386841"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/386841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/386842"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=386841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=386841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=386841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}