Commodities
Gold gains over 1% on softer oil, weaker dollar
Gold prices climbed more than 1% on Monday as a decline in oil prices eased inflationary concerns, while investors turned their attention towards key U.S. inflation readings and upcoming signals from the Federal Reserve regarding its monetary policy direction.
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Gold slips to $4,046 as oil rebounds
Gold prices slipped on Friday as a recovery in crude oil revived inflation concerns and strengthened bets that the Federal Reserve will keep interest rates high for longer, though the metal remained on course for a weekly gain ahead of the US payrolls report due later in the day.
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| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BRENT CRUDE | 93.42 | 94.73 91.44 | 1.93 2.11% |
| RICHARDS BAY COAL MONTHLY | 126.85 | 126.85 126.85 | 0.65 0.52% |
| ROTTERDAM COAL MONTHLY | 136.20 | 136.25 135.50 | 2.20 1.64% |
| USD RBD PALM OLEIN | 1,182.50 | 1,182.50 1,182.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 87.21 | 88.74 85.81 | 1.17 1.36% |
| SUGAR #11 WORLD | 18.47 | 18.57 18.10 | 0.38 2.10% |
| Gold Tola 24 Kt | 415,727.42 | 424,195.55 415,747.03 | -5479.68 -1.30% |
| Gold | 3,985.66 | 4,066.81 3,985.27 | -52.95 -1.31% |
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Pakistan Stock Movers
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