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	103,100.87 240.64M	0.04% 43.85
KSE30	50,684.48 18.14M	-0.07% -33.35
KMI30	243,926.30 24.44M	-0.07% -175.55
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BKTi	47,105.01 2.53M	0.03% 15.61
OGTi	34,872.85 1.05M	-0.40% -139.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,415.00	84,420.00 83,100.00	625.00 0.75%
BRENT CRUDE	106.60	107.87 105.76	1.32 1.25%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.10 -0.08%
ROTTERDAM COAL MONTHLY	138.00	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	93.79	94.74 93.00	1.19 1.29%
SUGAR #11 WORLD	18.57	18.84 18.39	0.07 0.38%