{"id":46916,"date":"2023-11-22T18:00:00","date_gmt":"2023-11-22T17:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=46916"},"modified":"2023-11-22T10:13:18","modified_gmt":"2023-11-22T09:13:18","slug":"gold-rises-us-dollar-weakens","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/gold-rises-us-dollar-weakens\/","title":{"rendered":"Gold rises as the US Dollar Weakens"},"content":{"rendered":"
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After going up by almost 7% during October, gold prices continue the upward trend seen during the last quarter, thanks to geopolitical tensions and a weakening dollar on expectations that the US Federal Reserve will stop raising interest rates.<\/b><\/h3>\n

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Gold prices started the month of October on a downward trend, after having fallen during September, but <\/span>the outbreak of a new armed conflict between Palestine and Israel pushed the price of the golden metal up by more than 10%,<\/b> surpassing the mythical figure of 2,000 dollars per ounce and compensating for the losses that had occurred since the highs of May.<\/span><\/p>\n

Today, 22 November, <\/span>gold continues to break through the $2,000 barrier, boosted by the latest monetary policy announcement at the US Federal Reserve <\/b>meeting earlier this month, which suggests that interest rates have peaked, and precludes a cautious approach to further hikes.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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