Gold prices slip on robust Dollar

News Image

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

0:00

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.

\"\"

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.

\"\"

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

Related News

Name Price/Vol %Chg/NChg
KSE100 146,842.97
308.12M
-3.21%
-4864.54
ALLSHR 87,967.59
522.14M
-3.28%
-2983.36
KSE30 44,431.42
152.55M
-3.24%
-1487.15
KMI30 212,754.03
116.65M
-3.35%
-7371.19
KMIALLSHR 57,498.02
266.29M
-3.14%
-1865.50
BKTi 40,085.67
63.43M
-2.93%
-1211.97
OGTi 30,663.77
19.55M
-1.69%
-525.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 66,490.00 68,420.00
65,090.00
265.00
0.40%
BRENT CRUDE 114.02 116.89
111.41
1.45
1.29%
RICHARDS BAY COAL MONTHLY 112.50 112.50
112.00
1.40
1.26%
ROTTERDAM COAL MONTHLY 122.00 125.40
122.00
-0.75
-0.61%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 104.01 104.21
99.43
4.37
4.39%
SUGAR #11 WORLD 15.54 16.10
15.52
-0.22
-1.40%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg