{"id":117055,"date":"2026-07-03T13:25:04","date_gmt":"2026-07-03T08:25:04","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=117055"},"modified":"2026-07-03T13:25:04","modified_gmt":"2026-07-03T08:25:04","slug":"gold-price-rises-global-market-price-nears-5-week-high","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/gold-rates\/gold-price-rises-global-market-price-nears-5-week-high\/","title":{"rendered":"Gold price rises: global market price nears 5-week high"},"content":{"rendered":"<p>ISLAMABAD: <a href=\"https:\/\/dailyausaf.com\/en\/business\/gold-prices-drop-sharply-in-pakistan-as-global-market-declines\/\">Gold prices<\/a> have risen in the global market and are on track for the first weekly gain in five weeks, due to a decline in expectations of a US interest rate hike.<\/p>\n<p>According to Reuters news agency, spot gold prices rose one percent on Friday to $4,165 an ounce, while earlier the price had also touched its highest level since June 23. US gold futures also rose 1.3 percent.<\/p>\n<p>According to experts, weaker-than-expected US employment data has reduced concerns about inflation and further interest rate hikes, which has supported gold prices. Non-farm payrolls increased by only 57,000 jobs in June, which is far below experts\u2019 forecast of 110,000.<\/p>\n<p>The weekly decline in the dollar was also a major factor in the rise in gold prices, making it cheaper for investors holding other currencies.<\/p>\n<p>Experts say that although expectations of interest rate hikes have eased, they have not completely disappeared, and gold prices may come under pressure again towards the end of the year.<\/p>\n<p>On the other hand, according to the World Gold Council, central banks resumed gold purchases in May, resulting in a net increase of 41 tonnes in global reserves.<\/p>\n<p>Other precious metals also recorded increases, with silver, platinum and palladium prices nearing one-week highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Gold prices have risen in the global market and are on track for the first weekly gain in five weeks, due to a decline in expectations of a US interest rate hike. According to Reuters news agency, spot gold prices rose one percent on Friday to $4,165 an ounce, while earlier the price had [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":98502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14814],"tags":[136],"class_list":["post-117055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-rates","tag-gold-prices"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/117055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=117055"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/117055\/revisions"}],"predecessor-version":[{"id":117056,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/117055\/revisions\/117056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/98502"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=117055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=117055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=117055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}