AGL 42.34 Increased By ▲ 3.80 (9.86%)
AIRLINK 128.52 Decreased By ▼ -0.98 (-0.76%)
BOP 6.20 Increased By ▲ 0.59 (10.52%)
CNERGY 4.06 Increased By ▲ 0.20 (5.18%)
DCL 8.50 Decreased By ▼ -0.23 (-2.63%)
DFML 40.77 Decreased By ▼ -0.99 (-2.37%)
DGKC 87.75 Decreased By ▼ -0.55 (-0.62%)
FCCL 34.24 Decreased By ▼ -0.76 (-2.17%)
FFBL 66.49 Decreased By ▼ -0.86 (-1.28%)
FFL 10.55 Decreased By ▼ -0.06 (-0.57%)
HUBC 108.66 Decreased By ▼ -0.10 (-0.09%)
HUMNL 14.60 Decreased By ▼ -0.06 (-0.41%)
KEL 4.70 Decreased By ▼ -0.05 (-1.05%)
KOSM 7.28 Increased By ▲ 0.33 (4.75%)
MLCF 42.53 Increased By ▲ 0.88 (2.11%)
NBP 61.50 Increased By ▲ 1.90 (3.19%)
OGDC 180.00 Decreased By ▼ -3.00 (-1.64%)
PAEL 25.85 Decreased By ▼ -0.40 (-1.52%)
PIBTL 6.06 Increased By ▲ 0.09 (1.51%)
PPL 146.01 Decreased By ▼ -0.69 (-0.47%)
PRL 24.09 Increased By ▲ 0.48 (2.03%)
PTC 16.50 Decreased By ▼ -0.06 (-0.36%)
SEARL 70.40 Increased By ▲ 2.10 (3.07%)
TELE 7.29 Increased By ▲ 0.06 (0.83%)
TOMCL 36.10 Increased By ▲ 0.15 (0.42%)
TPLP 7.89 Increased By ▲ 0.04 (0.51%)
TREET 15.45 Increased By ▲ 1.25 (8.8%)
TRG 50.61 Increased By ▲ 0.16 (0.32%)
UNITY 26.92 Increased By ▲ 0.17 (0.64%)
WTL 1.24 Increased By ▲ 0.03 (2.48%)
BR100 9,821 Increased By 15.6 (0.16%)
BR30 29,700 Increased By 22.1 (0.07%)
KSE100 92,337 Increased By 32.7 (0.04%)
KSE30 28,786 Decreased By -54.2 (-0.19%)

Gold fell after the open of US futures trade on Tuesday, with soft oil prices and long liquidation overwhelming a preference to stand aside before the US Federal Reserve starts two-day interest rate talks.
A floor broker said early light selling appeared to scope out where the stop-loss sell orders were located, providing a target for traders looking to run the market lower again.
At 9:37 am EDT (1337 GMT), December gold at the COMEX division of the New York Mercantile Exchange was $4.40 lower at $578.20 an ounce, extending a $13.50 slide on Monday after failing to extend a rally above $600 an ounce last week.
The early range was $584.90 to $577.30 an ounce, the lowest price in 12 days. December gold rallied to $606 on Friday, before a crude oil rally fizzled amid doubts that Opec could deliver on a sizeable production cut members agreed to late last week.
NYMEX December crude was off 24 cents early Tuesday at $58.57 a barrel, undermining the case for gold as an inflation hedge. Firmness in the dollar also discouraged foreign gold investors, while a record-breaking Dow Jones industrial stock average lured investors to the stock market from commodities.
Spot gold bullion was quoted at $574.00/5.50, down from New York's close at $580.40/1.90 on Monday. London bullion dealers fixed the morning spot reference price at $578.40 an ounce. December silver was down 31 cents at $11.37 an ounce, after drooping 29.5 cents the previous session. Tuesday's range was from $11.775 to $11.35.
Spot silver eased to $11.28/35 from $11.58/65. The fix was at $11.57. NYMEX January 2007 platinum was down $16.40 to $1,058 per ounce. Spot platinum was last priced at $1,052/1,057. December palladium had slipped $4.35 to $317 an ounce. Spot palladium last fetched $312/317 an ounce.

Copyright Reuters, 2006

Comments

Comments are closed.