{"id":568086,"date":"2023-04-05T10:10:00","date_gmt":"2023-04-05T04:40:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568086"},"modified":"2023-04-05T11:26:51","modified_gmt":"2023-04-05T05:56:51","slug":"gold-drops-after-opec-oil-cut-raises-fed-hike-odds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gold-drops-after-opec-oil-cut-raises-fed-hike-odds\/","title":{"rendered":"Gold drops after OPEC+ oil cut raises Fed hike odds"},"content":{"rendered":"<p>Gold prices slid on Monday after a surprise announcement from OPEC+ about a cut to oil output sparked inflation concerns and raised bets of an interest rate hike at the US Federal Reserve&#8217;s upcoming May meeting.<\/p>\n<p>Spot gold was down 0.8 per cent at $1,951.37 per ounce, as of 0401 GMT, its lowest in nearly a week. US gold futures shed 0.9 per cent to $1,968.20.<\/p>\n<p>The opportunity cost of holding non-yielding bullion rises when interest rates are increased to lower inflation.<\/p>\n<p>Gold has fallen &#8220;as investors weigh up the lure of gold as a safe-haven asset, versus the potential for higher-for-longer interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices slid on Monday after a surprise announcement from OPEC+ about a cut to oil output sparked inflation concerns and raised bets of an interest rate hike at the US Federal Reserve&#8217;s upcoming May meeting. Spot gold was down 0.8 per cent at $1,951.37 per ounce, as of 0401 GMT, its lowest in nearly a week. US gold futures shed 0.9 per cent to $1,968.20. The opportunity cost of holding non-yielding bullion rises when interest rates are increased to lower inflation. Gold has fallen &#8220;as investors weigh up the lure of gold as a safe-haven asset, versus the potential [&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":[146,130,177],"tags":[],"class_list":["post-568086","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568086","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=568086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}