AVN 68.50 Increased By ▲ 0.75 (1.11%)
BAFL 30.91 Decreased By ▼ -0.07 (-0.23%)
BOP 4.88 Increased By ▲ 0.07 (1.46%)
CNERGY 3.77 Increased By ▲ 0.01 (0.27%)
DFML 14.14 Increased By ▲ 0.16 (1.14%)
DGKC 42.53 Increased By ▲ 1.53 (3.73%)
EPCL 47.30 Increased By ▲ 0.25 (0.53%)
FCCL 12.02 Increased By ▲ 0.37 (3.18%)
FFL 5.22 Increased By ▲ 0.06 (1.16%)
FLYNG 6.20 Increased By ▲ 0.26 (4.38%)
GGL 11.26 Decreased By ▼ -0.03 (-0.27%)
HUBC 67.99 Increased By ▲ 0.04 (0.06%)
HUMNL 5.75 Increased By ▲ 0.05 (0.88%)
KAPCO 28.08 Increased By ▲ 0.04 (0.14%)
KEL 2.32 Increased By ▲ 0.05 (2.2%)
LOTCHEM 26.90 Increased By ▲ 0.70 (2.67%)
MLCF 22.30 Increased By ▲ 0.64 (2.95%)
NETSOL 87.23 Increased By ▲ 0.78 (0.9%)
OGDC 101.30 Increased By ▲ 0.81 (0.81%)
PAEL 11.37 Increased By ▲ 0.22 (1.97%)
PIBTL 4.30 Increased By ▲ 0.06 (1.42%)
PPL 81.50 Increased By ▲ 0.90 (1.12%)
PRL 13.43 Increased By ▲ 0.20 (1.51%)
SILK 0.92 Increased By ▲ 0.01 (1.1%)
SNGP 44.01 Increased By ▲ 0.11 (0.25%)
TELE 6.13 Increased By ▲ 0.06 (0.99%)
TPLP 15.98 Increased By ▲ 0.13 (0.82%)
TRG 122.70 Increased By ▲ 1.12 (0.92%)
UNITY 14.29 Increased By ▲ 0.29 (2.07%)
WTL 1.37 Increased By ▲ 0.05 (3.79%)
BR100 4,224 Increased By 42.5 (1.02%)
BR30 15,418 Increased By 148.1 (0.97%)
KSE100 42,136 Increased By 413.2 (0.99%)
KSE30 15,908 Increased By 162.2 (1.03%)
Follow us

NEW YORK: Gold prices eased in choppy trading on Thursday as a rise in the US dollar offset support for the precious metal from expectations that the Federal Reserve will slow its interest rate hikes after November.

Spot gold fell 0.4% to $1,657.74 per ounce by 12:50 p.m. ET (1650 GMT), while US gold futures dropped 0.5% to $1,661.60.

“Gold seems to be focused on the dollar and technicals here, along with an element of profit taking from yesterday,” said Bart Melek, head of commodity strategy at TD Securities.

The dollar rose 0.7% against its rivals after dropping to a more than one-month low in the last session, making bullion less attractive for overseas buyers.

Comments

Comments are closed.

Gold knocked by dollar’s rebound

IMF talks: ‘Some understanding’ reached: MoS Pasha

Qatar agrees to buy OGDCL, PPL shares

PM forms body to activate STZA

Primary deficit: Rs500bn waiver sought from IMF

First six months: Fiscal deficit swells to 2pc of GDP

Petrol shortage hits major cities of Punjab

New landfill sites: Govt decides to alter ICT master plan

Joint sitting of parliament: Rabbani deplores non-inclusion of terror issue in agenda

Real estate owned by overseas Pakistanis: UAE authorities do not share info

PM gets seven more special assistants