AGL 37.84 Decreased By ▼ -0.16 (-0.42%)
AIRLINK 217.49 Increased By ▲ 3.58 (1.67%)
BOP 9.49 Increased By ▲ 0.07 (0.74%)
CNERGY 6.61 Increased By ▲ 0.32 (5.09%)
DCL 8.70 Decreased By ▼ -0.07 (-0.8%)
DFML 43.09 Increased By ▲ 0.88 (2.08%)
DGKC 95.10 Increased By ▲ 0.98 (1.04%)
FCCL 35.55 Increased By ▲ 0.36 (1.02%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.73 Increased By ▲ 1.34 (8.18%)
HUBC 127.66 Increased By ▲ 0.76 (0.6%)
HUMNL 13.85 Increased By ▲ 0.48 (3.59%)
KEL 5.36 Increased By ▲ 0.05 (0.94%)
KOSM 6.90 Decreased By ▼ -0.04 (-0.58%)
MLCF 43.63 Increased By ▲ 0.65 (1.51%)
NBP 59.40 Increased By ▲ 0.55 (0.93%)
OGDC 222.98 Increased By ▲ 3.56 (1.62%)
PAEL 39.61 Increased By ▲ 0.45 (1.15%)
PIBTL 8.25 Increased By ▲ 0.07 (0.86%)
PPL 195.50 Increased By ▲ 3.84 (2%)
PRL 38.90 Increased By ▲ 0.98 (2.58%)
PTC 27.68 Increased By ▲ 1.34 (5.09%)
SEARL 104.75 Increased By ▲ 0.75 (0.72%)
TELE 8.61 Increased By ▲ 0.22 (2.62%)
TOMCL 35.50 Increased By ▲ 0.75 (2.16%)
TPLP 13.19 Increased By ▲ 0.31 (2.41%)
TREET 25.40 Increased By ▲ 0.06 (0.24%)
TRG 72.17 Increased By ▲ 1.72 (2.44%)
UNITY 33.20 Decreased By ▼ -0.19 (-0.57%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,993 Increased By 99.2 (0.83%)
BR30 37,338 Increased By 483.4 (1.31%)
KSE100 111,637 Increased By 1213.4 (1.1%)
KSE30 35,162 Increased By 384.3 (1.11%)

Gold gained on Thursday in light holiday trading, boosted by slight weakness in the US dollar and geopolitical tensions, as investors eyed Federal Reserve’s 2025 rate strategy and Donald Trump’s tariff policies, which could shape the metal’s trajectory next year.

Spot gold rose 0.5% to $2,627.16 per ounce, as of 0501 GMT.

Bullion has risen 27% this year and is set for its best performance since 2010, driven by major Fed cuts and heightened geopolitical uncertainties.

Gold is considered a safe investment option during geopolitical turmoil and thrives in low interest rate environment. US gold futures added 0.3% to $2,643.40.

In a holiday-curtailed week, trading volumes will likely thin out as the year-end approaches. The dollar index ticked lower, making greenback-priced bullion more affordable for holders of other currencies.

“Some inaction on the US dollar and US Treasury yield in today’s session allows gold prices to resume its recovery following its post-Fed dip,” said IG market strategist Yeap Jun Rong.

Gold price per tola decreases Rs800 in Pakistan

The usual positive trends in gold during the last week of December is contributing to the current rise in gold prices, Yeap Jun Rong added.

On the geopolitical level, Hamas and Israel exchanged blame on Wednesday for failing to finalize a ceasefire agreement, despite reporting progress in recent days.

“We are hearing about uncertainties related to the Middle East. If the situation escalates, it might create an upside bias (for gold),” said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.

“I don’t expect gold to do much at this point and it will likely close around current levels by year-end.”

Traders are awaiting the US jobless claims data due later in the day and bracing for major policy changes, including tariffs, deregulation, and tax shifts, as Trump returns to the White House in January.

Markets in Australia, New Zealand, Hong Kong and Euro Zone are closed on Thursday for the Boxing Day public holiday.

Spot silver was steady at $29.64 per ounce, platinum fell 0.5% to $939.39 and palladium shed 1.5% to $939.33.

Comments

200 characters