Gold rises on high inflation data

MG News | March 11, 2022 at 02:21 PM GMT+05:00

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March 11, 2022: Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as investors reacted to higher consumer price index data.

The most active gold contract for April delivery rose 12.2 U.S. dollars, or 0.61 percent, to close at 2,000.4 dollars per ounce.

The U.S. Labor Department reported on Thursday that U.S. consumer price index, a barometer of inflation, increased by 0.8 percent in February, or 7.9 percent year over year, the highest growth since January 1982.

Silver for May delivery rose 44 cents, or 1.7 percent, to close at 26.256 dollars per ounce. Platinum for April delivery fell 12.4 dollars, or 1.12 percent, to close at 1,095.2 dollars per ounce.

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ALLSHR	104,658.41 715.45M	-0.71% -746.89
KSE30	51,414.64 68.61M	-0.56% -288.52
KMI30	246,107.08 95.44M	-0.57% -1413.60
KMIALLSHR	67,826.46 385.67M	-0.56% -379.57
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,690.00	80,800.00 77,725.00	-1365.00 -1.71%
BRENT CRUDE	97.84	99.46 96.78	0.84 0.87%
RICHARDS BAY COAL MONTHLY	130.00	130.00 130.00	2.40 1.88%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	2.25 1.63%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	92.86	94.73 90.87	1.38 1.51%
SUGAR #11 WORLD	18.04	18.45 17.89	-0.03 -0.17%