Commodities Update: Gold down as all eyes shift on Fed meet

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MG News | September 18, 2017 at 03:30 PM GMT+05:00

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Prices for Gold spot were down 0.23 percent at $1314.55 an ounce, down by 3.01 Dollars. Prices for Gold slipped to their lowest in the last two weeks on Monday as equities rallied and dollar became stronger.

The two-day Fed Open Market Committee meeting, which begins on Tuesday, will be closely watched by markets as the U.S. central bank is expected to announce balance sheet reduction in an effort to "normalize" monetary policy.

The prices for Gold finally stabilized after a long rally, dismissing away any geopolitical risks and looking for any updates on rate hikes from The Fed.

North Korea issues will likely take center stage when Trump addresses world leaders at the United Nations for the first time on Tuesday.

In other precious metals, silver slipped 0.08 percent to $17.505 an ounce, after earlier hitting its lowest since Sept. 1.

Platinum was little changed at $963.349 an ounce, while palladium gained up to 1.01 percent at $933.251.

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Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,755.00 119,440.00
118,260.00
460.00
0.39%
BRENT CRUDE 71.97 73.17
71.75
-0.54
-0.74%
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 68.67 69.79
68.45
-0.54
-0.78%
SUGAR #11 WORLD 16.40 16.58
16.40
-0.19
-1.15%

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