Gold prices slip on robust Dollar

By 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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Name	Price/Vol	%Chg/NChg
KSE100	132,803.41 81.47M	-0.45% -599.78
ALLSHR	83,064.36 457.85M	-0.15% -123.70
KSE30	40,398.91 30.27M	-0.62% -252.55
KMI30	190,983.51 34.45M	-0.57% -1100.41
KMIALLSHR	55,734.14 233.94M	-0.20% -113.56
BKTi	36,243.39 4.73M	-0.49% -179.49
OGTi	28,297.09 6.60M	-0.49% -140.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,120.00	109,545.00 108,625.00	-95.00 -0.09%
BRENT CRUDE	70.03	70.09 69.85	-0.12 -0.17%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.20	68.27 67.78	-0.13 -0.19%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%