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

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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Name	Price/Vol	%Chg/NChg
KSE100	171,728.23 176.30M	-0.67% -1166.05
ALLSHR	102,910.30 520.11M	-0.45% -464.50
KSE30	51,670.03 67.45M	-0.86% -450.07
KMI30	247,010.32 110.61M	-0.71% -1757.30
KMIALLSHR	66,915.02 280.04M	-0.41% -276.50
BKTi	47,405.87 21.06M	-1.12% -534.71
OGTi	35,932.85 5.24M	-1.02% -370.15

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,560.00	80,340.00 79,370.00	-785.00 -0.98%
BRENT CRUDE	101.26	102.92 99.62	1.20 1.20%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.50 -2.22%
ROTTERDAM COAL MONTHLY	106.55	106.60 105.45	1.80 1.72%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	95.57	98.64 94.15	0.76 0.80%
SUGAR #11 WORLD	14.56	14.60 14.54	0.02 0.14%