{"id":15316,"date":"2023-09-21T15:01:55","date_gmt":"2023-09-21T15:01:55","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/commodities\/gold-futures-extend-winning-streak-despite-federal-reserves-interest-rate-projections\/"},"modified":"2023-09-21T15:01:56","modified_gmt":"2023-09-21T15:01:56","slug":"gold-futures-extend-winning-streak-despite-federal-reserves-interest-rate-projections","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=15316","title":{"rendered":"Gold futures extend winning streak despite Federal Reserve’s interest rate projections"},"content":{"rendered":"
\n

Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward trajectory continued in electronic trading following the Federal Reserve’s latest announcement, reinforcing a robust market performance.<\/p>\n

The Federal Reserve, in its recent announcement, maintained its benchmark fed funds rate within the expected range of 5.25% to 5.50%. It also hinted at a potential rise in interest rates later this year. Despite these projections, the gold prices remained unaffected and continued their upward course.<\/p>\n

In the electronic trading that ensued post the Federal Reserve’s announcement, December gold GCZ23 was priced at $1,963.80 per ounce. This followed a settlement at $1,967.10 an ounce, reflecting an increase of $13.40 or 0.7%.<\/p>\n

Despite the looming possibility of an interest rate hike, gold prices managed to retain most of their gains following the Federal Reserve’s announcement. This consistent upward trend in could potentially shape future investment decisions in the commodity market.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward trajectory continued in electronic trading following the Federal Reserve’s latest announcement, reinforcing a robust market performance. The Federal Reserve, in its recent announcement, maintained its benchmark fed funds […]<\/p>\n","protected":false},"author":1,"featured_media":5561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[34],"tags":[],"class_list":{"0":"post-15316","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"yoast_head":"\nGold futures extend winning streak despite Federal Reserve's interest rate projections | Prosfunds<\/title>\n<meta name=\"description\" content=\"Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=15316\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold futures extend winning streak despite Federal Reserve's interest rate projections | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=15316\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T15:01:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T15:01:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/LYNXNPEB7C067_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"516\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=15316#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=15316\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Gold futures extend winning streak despite Federal Reserve’s interest rate projections\",\"datePublished\":\"2023-09-21T15:01:55+00:00\",\"dateModified\":\"2023-09-21T15:01:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=15316\"},\"wordCount\":199,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=15316#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=15316\",\"url\":\"https:\/\/prosfunds.com\/?p=15316\",\"name\":\"Gold futures extend winning streak despite Federal Reserve's interest rate projections | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-09-21T15:01:55+00:00\",\"dateModified\":\"2023-09-21T15:01:56+00:00\",\"description\":\"Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=15316#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=15316\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=15316#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold futures extend winning streak despite Federal Reserve’s interest rate projections\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold futures extend winning streak despite Federal Reserve's interest rate projections | Prosfunds","description":"Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=15316","og_locale":"en_US","og_type":"article","og_title":"Gold futures extend winning streak despite Federal Reserve's interest rate projections | Prosfunds","og_description":"Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward","og_url":"https:\/\/prosfunds.com\/?p=15316","og_site_name":"Prosfunds","article_published_time":"2023-09-21T15:01:55+00:00","article_modified_time":"2023-09-21T15:01:56+00:00","og_image":[{"width":728,"height":516,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/LYNXNPEB7C067_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=15316#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=15316"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Gold futures extend winning streak despite Federal Reserve’s interest rate projections","datePublished":"2023-09-21T15:01:55+00:00","dateModified":"2023-09-21T15:01:56+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=15316"},"wordCount":199,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=15316#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=15316","url":"https:\/\/prosfunds.com\/?p=15316","name":"Gold futures extend winning streak despite Federal Reserve's interest rate projections | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-09-21T15:01:55+00:00","dateModified":"2023-09-21T15:01:56+00:00","description":"Gold futures have registered gains for the fifth straight day on Wednesday, a trend not seen since January, as per data from Dow Jones Market. The upward","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=15316#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=15316"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=15316#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Gold futures extend winning streak despite Federal Reserve’s interest rate projections"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/15316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15316"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/15316\/revisions"}],"predecessor-version":[{"id":15317,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/15316\/revisions\/15317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/5561"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}