Gold prices slip on robust Dollar

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MG News | October 16, 2017 at 03:58 PM GMT+05:00

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Prices for Gold slipped on Monday after robust dollar and improving performance of Asian equities. The bullion gained around 0.9 percent at Monday close, after US President Trump announced he will not certify the nuclear deal held with Iran. The bullion resumed upward trajectory after the announcement, crude also picked up after the US decertified Iranian Nuclear deal.

Spot gold was down 0.2 percent at $1,302.51 an ounce as of 0358 GMT, while U.S. gold futures for December delivery were unchanged at $1,304.80 per ounce.

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Asian shares on the other hand witnessed a major rebound following on the US surge in prices, oil futures also increased as Iraqi Army entered the Kurdistan region to fight the rebel state.

Silver was flat at $17.35 an ounce after hitting its highest since mid-September earlier in the session.

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Platinum eased 0.2 percent to $942.50 an ounce, while palladium was 0.4 percent higher at $992.40.

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290.06M
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517.42
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0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
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KMIALLSHR 56,072.25
387.69M
0.32%
180.74
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6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

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