Commodities Update: Gold down as appetite the metal wanes; Silver steady

MG News | September 21, 2017 at 02:18 PM GMT+05:00

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Prices for Gold fell to its lowest level in over three weeks on Thursday as the appetite for metal waned after The Fed hinted a rate hike in December this year. The prices for commodity were brought down further by a strengthening dollar.

The US Dollar and bonds reached to their highest levels in six weeks as The Federal Reserve announced that to start shrinking its balance sheet accumulated post 2007 crisis. Furthermore, the meeting also hinted at a possibility of rate hike during the December meet.

Precious Metals
Symbol	Bid	Ask	Change	High	Low	Time
Gold	1,296.56	1,296.95	-1.47	1,301.99	1,293.19	9:14:13
Silver	16.972	17.015	-0.11	17.214	16.912	9:14:12
Platinum	941.249	945.249	5.42	944.105	937.495	9:14:00
Palladium	911.798	914.498	4.23	921.205	911.195	9:14:00

The prices for Gold went down by 1.47 Dollar since open falling a lowest of 1293.19 with a seven day moving average of 1314.72 USD an ounce.

Silver prices were relatively unmoved, with a relatively positive upward bump in prices of Platinum and Palladium. The commodities were up by 0.56% and 0.47% respectively.

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Name	Price/Vol	%Chg/NChg
KSE100	184,520.96 423.48M	0.26% 470.86
ALLSHR	111,273.74 986.42M	0.44% 483.91
KSE30	55,083.19 197.44M	0.25% 138.98
KMI30	261,314.51 141.59M	0.26% 679.64
KMIALLSHR	71,698.64 555.80M	0.45% 320.42
BKTi	51,680.94 85.40M	0.11% 56.48
OGTi	37,287.90 17.12M	0.93% 345.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,155.00	62,265.00 59,710.00	1975.00 3.28%
BRENT CRUDE	70.93	71.22 70.14	-0.64 -0.89%
RICHARDS BAY COAL MONTHLY	107.50	0.00 0.00	0.30 0.28%
ROTTERDAM COAL MONTHLY	120.10	121.40 119.50	1.00 0.84%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	67.85	68.24 67.04	-0.73 -1.06%
SUGAR #11 WORLD	15.12	15.17 14.93	0.13 0.87%