AGL 37.76 Decreased By ▼ -0.39 (-1.02%)
AIRLINK 129.29 Increased By ▲ 4.22 (3.37%)
BOP 7.42 Increased By ▲ 0.57 (8.32%)
CNERGY 4.61 Increased By ▲ 0.16 (3.6%)
DCL 8.68 Increased By ▲ 0.77 (9.73%)
DFML 38.70 Increased By ▲ 1.36 (3.64%)
DGKC 81.00 Increased By ▲ 3.23 (4.15%)
FCCL 32.55 Increased By ▲ 1.97 (6.44%)
FFBL 74.71 Increased By ▲ 5.85 (8.5%)
FFL 12.32 Increased By ▲ 0.46 (3.88%)
HUBC 109.20 Increased By ▲ 4.70 (4.5%)
HUMNL 13.95 Increased By ▲ 0.46 (3.41%)
KEL 4.99 Increased By ▲ 0.34 (7.31%)
KOSM 7.64 Increased By ▲ 0.47 (6.56%)
MLCF 38.25 Increased By ▲ 1.81 (4.97%)
NBP 72.29 Increased By ▲ 6.37 (9.66%)
OGDC 186.98 Increased By ▲ 7.45 (4.15%)
PAEL 25.39 Increased By ▲ 0.96 (3.93%)
PIBTL 7.33 Increased By ▲ 0.18 (2.52%)
PPL 150.68 Increased By ▲ 6.98 (4.86%)
PRL 25.25 Increased By ▲ 0.93 (3.82%)
PTC 17.25 Increased By ▲ 0.85 (5.18%)
SEARL 82.00 Increased By ▲ 3.43 (4.37%)
TELE 7.58 Increased By ▲ 0.36 (4.99%)
TOMCL 32.42 Increased By ▲ 0.45 (1.41%)
TPLP 8.46 Increased By ▲ 0.33 (4.06%)
TREET 16.30 Increased By ▲ 0.17 (1.05%)
TRG 56.17 Increased By ▲ 1.51 (2.76%)
UNITY 28.30 Increased By ▲ 0.80 (2.91%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,534 Increased By 445 (4.41%)
BR30 30,951 Increased By 1441.8 (4.89%)
KSE100 98,261 Increased By 3686.7 (3.9%)
KSE30 30,649 Increased By 1203.8 (4.09%)

Gold rose for a fourth straight session on Wednesday on safe-haven bids due to uncertainties in Europe ahead of a key election in Greece, but the metal's repeated failures to break above major chart resistance could trigger technical selling. Bullion raced toward $1,625 an ounce earlier in the session after weak US retail sales and wholesale prices data raised the prospect of additional monetary easing from the Federal Reserve.
Concerns about Spanish and Italian debt and jitters over Sunday's Greek election also kept gold prices supported. Spot gold was up 0.5 percent at $1,617.70 an ounce by 2:39 pm EDT (1839 GMT), having earlier hit a high of $1,624.36. US COMEX gold futures for August delivery settled up $5.60 at $1,619.40 an ounce, with trading volume about 40 percent below its 30-day average, preliminary Reuters data showed. Among other precious metals, silver slipped 0.1 percent to $28.91 an ounce. Spot platinum gained 1 percent to $1,461.08 an ounce, while palladium eased 0.6 percent to $616.72 an ounce.

Copyright Reuters, 2012

Comments

Comments are closed.