Commodities
Gold dips to $4,013 on rate hike bets
Gold prices edged lower on Friday and are on course for their sharpest weekly decline in more than four months, as high oil prices strengthened expectations that the Federal Reserve will keep interest rates elevated for longer, with investors awaiting next week’s Fed policy meeting.
Go to article Gold slides to $4,087 as oil-driven inflation worries weigh
Gold extended losses on Thursday, as higher oil prices revived inflation fears and strengthened the case for interest rates staying high for an extended period, with the market focused on next week’s Federal Reserve meeting for direction on policy.
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Commodities Markets
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BRENT CRUDE | 117.38 | 117.45 112.74 | 4.21 3.72% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -1.10 -0.85% |
| ROTTERDAM COAL MONTHLY | 147.10 | 0.00 0.00 | 1.10 0.75% |
| USD RBD PALM OLEIN | 1,182.50 | 1,182.50 1,182.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 103.44 | 103.92 98.84 | 3.97 3.99% |
| SUGAR #11 WORLD | 20.26 | 20.51 20.02 | 0.13 0.65% |
| Gold Tola 24 Kt | 416,751.81 | 416,887.31 416,992.16 | 7.26 0.00% |
| Gold | 3,994.95 | 3,994.95 3,996.54 | 0.80 0.02% |
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Pakistan Stock Movers
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