Commodities Update: Gold contains; Silver unmoved

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MG News | September 13, 2017 at 02:52 PM GMT+05:00

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Gold prices contained on Wednesday after falling to their lowest on Tuesday to their lowest levels since 1st September. Prices for gold have risen sharply amidst rising tensions between US and North Korea.

Prices for Spot Gold dropped sharply on Monday and Tuesday this week as tensions quelled after North Korean meia did not report any missile tests as expected by the international observers.

However, Gold prices were at $1331.92 up by 25 bases from previous close in the first session after UN unanimously approved sanctions against North Korea. Prices for Gold have increased by 3.16 percent in last 30 days, as investors have flocked to Gold after US announced it is considering military solutions against North Korea. Currently, US has installed anti ballistic missiles on 38th North Parallel to counter any offensive from North Korea.

Silver spot prices in the international markets were relatively unmoved as the white metalcontinues to trade at $17.89 up by 0.03 dollars from previous close. Prices for Silver have been steadily moving up, +4.5% in the last thirty days as demand continues to push the price upward. 

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Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

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