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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Gold firm at $3,939 with US midterm results in focus
Gold prices were mostly steady on Wednesday as a weaker US dollar lent support ahead of the US midterm election results, while investors held back for the non-farm payrolls report due later this week for cues on the Federal Reserve’s policy direction.
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| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BRENT CRUDE | 93.68 | 98.43 92.80 | -4.64 -4.72% |
| RICHARDS BAY COAL MONTHLY | 126.00 | 126.00 126.00 | -1.00 -0.79% |
| ROTTERDAM COAL MONTHLY | 133.80 | 133.80 133.80 | -0.25 -0.19% |
| USD RBD PALM OLEIN | 1,182.50 | 1,182.50 1,182.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 87.69 | 91.42 86.19 | -3.14 -3.46% |
| SUGAR #11 WORLD | 18.21 | 18.44 18.18 | -0.03 -0.16% |
| Gold Tola 24 Kt | 428,426.76 | 431,305.67 422,867.47 | 5572.78 1.32% |
| Gold | 4,106.68 | 4,133.81 4,055.34 | 51.47 1.27% |
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Pakistan Stock Movers
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