Palladium triumphs over a steady gold amidst hopes of fewer rate hikes by Fed

By MG News | December 12, 2018 at 11:38 AM GMT+05:00

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December 12, 2018 (MLN): Gold prices continued to remain stagnant during initial hours on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium once again traded at a premium to gold.

Spot gold inched up 0.1 percent to $1,244.40 per ounce, as of 0115 GMT. U.S. gold futures rose 0.2 percent to $1,249.9 per ounce. Spot palladium was up 0.2 percent at $1,246.30 per ounce. Prices climbed over 2 percent in the previous session.

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Key Pakistan Market Stats and Economic Indicators

Name	Price/Vol	%Chg/NChg
KSE100	133,124.11 13.04M	-0.21% -279.08
ALLSHR	83,164.81 111.39M	-0.03% -23.25
KSE30	40,527.52 3.36M	-0.30% -123.93
KMI30	191,725.46 4.37M	-0.19% -358.46
KMIALLSHR	55,826.24 48.50M	-0.04% -21.46
BKTi	36,232.92 0.45M	-0.52% -189.96
OGTi	28,405.48 0.48M	-0.11% -32.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,655.00	109,545.00 108,645.00	-560.00 -0.51%
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%