Commodities
Gold heads for weekly loss on rate-hike fears
Gold prices extended losses on Friday and remained on course for a sharp weekly decline as investors weighed persistent inflation concerns and the possibility of further U.S. interest rate increases, reducing the appeal of the precious metal.
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Gold drops over 1% amid strong dollar, oil surge
Gold prices extended losses on Wednesday, falling more than 1% to their lowest level in nearly three months as escalating tensions between the United States and Iran boosted the U.S. dollar and crude oil prices, reducing investor demand for the precious metal.
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Commodities Markets
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BRENT CRUDE | 84.05 | 85.93 83.51 | -3.28 -3.76% |
| RICHARDS BAY COAL MONTHLY | 123.00 | 0.00 0.00 | 3.75 3.14% |
| ROTTERDAM COAL MONTHLY | 131.00 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 81.25 | 82.42 80.25 | -3.63 -4.28% |
| SUGAR #11 WORLD | 13.70 | 13.97 13.68 | -0.09 -0.65% |
| Gold Tola 24 Kt | 449,902.13 | 452,039.08 441,667.34 | 8465.45 1.92% |
| Gold | 4,287.86 | 4,307.70 4,211.29 | 78.02 1.85% |
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Pakistan Stock Movers
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