{"id":415756,"date":"2021-05-19T09:18:13","date_gmt":"2021-05-19T03:48:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415756"},"modified":"2021-05-19T10:09:37","modified_gmt":"2021-05-19T04:39:37","slug":"gold-scales-a-near-four-month-high-brent-crude-tops-70-a-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gold-scales-a-near-four-month-high-brent-crude-tops-70-a-barrel\/","title":{"rendered":"Gold scales a near four-month high; Brent crude tops $70 a barrel"},"content":{"rendered":"<p>Gold scaled a near four-month peak on Tuesday supported by a weaker US dollar, while non-yielding bullion also attracted investors seeking an inflation hedge. Brent oil, too, topped $70 a barrel with optimism building about the demand outlook in key regions, such as the US and Europe, but later declined. <\/p>\n<p>Spot gold was up 0.15 per cent at $1,869.20 per ounce at 7 pm IST, after hitting its highest since January 29 earlier in the session. Gold in Delhi rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal, according to HDFC Securities. <\/p>\n<p>&#8220;The narrative is clearly shifting towards inflation &#8230; but perhaps more critically, you have got the dollar weakness, which is probably the key and prime driver,&#8221; said analyst Ross Norman.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold scaled a near four-month peak on Tuesday supported by a weaker US dollar, while non-yielding bullion also attracted investors seeking an inflation hedge. Brent oil, too, topped $70 a barrel with optimism building about the demand outlook in key regions, such as the US and Europe, but later declined. Spot gold was up 0.15 per cent at $1,869.20 per ounce at 7 pm IST, after hitting its highest since January 29 earlier in the session. Gold in Delhi rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal, according [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-415756","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=415756"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415756\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}