Commodities
Gold at $3,996 amid Iran-US tensions, oil price surge
Gold was steady on Friday, though the metal remained on pace for its steepest weekly drop in six weeks as intensifying US-Iran hostilities pushed oil prices upward, stoking inflation concerns and bolstering expectations of tighter US monetary policy.
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Silver poised for long-term gains on supply deficits
Silver's long-term investment outlook remains strong despite recent sharp price declines, supported by persistent supply deficits, rising industrial and monetary demand, and tight physical market conditions, according to Paul Wong, Managing Partner and Market Strategist at Sprott Inc.
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Gold prices slip as Middle East tensions overshadow inflation data
Gold prices declined on Thursday as intensifying conflict in the Middle East showed no signs of easing, wiping out recent optimism over cooling inflation and stoking fears that rising oil prices could push the Federal Reserve toward further rate hikes.
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Commodities Markets
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BRENT CRUDE | 88.26 | 88.38 83.71 | 4.03 4.78% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -0.65 -0.61% |
| ROTTERDAM COAL MONTHLY | 119.80 | 120.30 119.80 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 81.77 | 82.07 77.93 | 3.49 4.46% |
| SUGAR #11 WORLD | 14.82 | 14.94 14.39 | 0.38 2.63% |
| Gold Tola 24 Kt | 420,735.28 | 420,795.81 421,006.33 | 135.53 0.03% |
| Gold | 4,015.83 | 4,015.83 4,018.43 | 1.30 0.03% |
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Pakistan Stock Movers
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