Commodities
Gold extends decline as dollar strengthens after fed’s rate cut
Gold prices slipped further on Thursday as a firmer U.S. dollar weighed on the market, following the Federal Reserve’s widely expected decision to trim interest rates by 25 basis points while signaling a cautious stance on future easing.
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Gold holds above $3,600 as fed rate cut expected
Gold prices surged further on Tuesday, maintaining momentum well above the $3,600 level breached in the previous session, as growing expectations of a U.S. interest rate cut weighed on the dollar and Treasury yields, strengthening demand for safe-haven assets.
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| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BRENT CRUDE | 67.52 | 68.42 67.19 | -0.43 -0.63% |
| RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
| ROTTERDAM COAL MONTHLY | 94.00 | 94.50 94.00 | 0.45 0.48% |
| USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 63.25 | 63.31 63.21 | -0.01 -0.02% |
| SUGAR #11 WORLD | 16.13 | 16.27 15.89 | -0.14 -0.86% |
| Gold Tola 24 Kt | 386,522.37 | 389,898.76 385,112.06 | -2850.69 -0.73% |
| Gold | 3,641.55 | 3,673.01 3,628.19 | -27.66 -0.75% |
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Pakistan Stock Movers
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