AIRLINK 217.98 Decreased By ▼ -4.91 (-2.2%)
BOP 10.93 Increased By ▲ 0.11 (1.02%)
CNERGY 7.55 Decreased By ▼ -0.01 (-0.13%)
FCCL 34.83 Decreased By ▼ -2.24 (-6.04%)
FFL 19.32 Increased By ▲ 0.08 (0.42%)
FLYNG 25.15 Decreased By ▼ -1.89 (-6.99%)
HUBC 131.09 Decreased By ▼ -1.55 (-1.17%)
HUMNL 14.56 Decreased By ▼ -0.17 (-1.15%)
KEL 5.18 Decreased By ▼ -0.22 (-4.07%)
KOSM 7.36 Decreased By ▼ -0.12 (-1.6%)
MLCF 45.63 Decreased By ▼ -2.55 (-5.29%)
OGDC 222.08 Decreased By ▼ -1.18 (-0.53%)
PACE 8.16 Decreased By ▼ -0.02 (-0.24%)
PAEL 44.19 Increased By ▲ 0.69 (1.59%)
PIAHCLA 17.69 Decreased By ▼ -0.37 (-2.05%)
PIBTL 8.97 Decreased By ▼ -0.10 (-1.1%)
POWERPS 12.51 Decreased By ▼ -0.50 (-3.84%)
PPL 193.01 Decreased By ▼ -5.23 (-2.64%)
PRL 43.17 Increased By ▲ 0.93 (2.2%)
PTC 26.63 Decreased By ▼ -0.76 (-2.77%)
SEARL 107.08 Decreased By ▼ -3.00 (-2.73%)
SILK 1.04 Decreased By ▼ -0.02 (-1.89%)
SSGC 45.00 Decreased By ▼ -2.30 (-4.86%)
SYM 21.19 Increased By ▲ 0.42 (2.02%)
TELE 10.15 Decreased By ▼ -0.37 (-3.52%)
TPLP 14.51 Decreased By ▼ -0.44 (-2.94%)
TRG 67.28 Decreased By ▼ -1.57 (-2.28%)
WAVESAPP 11.29 Decreased By ▼ -0.63 (-5.29%)
WTL 1.70 Decreased By ▼ -0.09 (-5.03%)
YOUW 4.25 Decreased By ▼ -0.10 (-2.3%)
BR100 12,397 Increased By 33.3 (0.27%)
BR30 37,347 Decreased By -871.2 (-2.28%)
KSE100 117,587 Increased By 467.3 (0.4%)
KSE30 37,065 Increased By 128 (0.35%)

Gold was little changed on Monday, as profit-taking set in after rallying on US economic data that pushed back expectations of a Federal Reserve interest rate rise to early 2016, while silver extended gains on chart-based buying. Spot gold had turned down 0.1 percent at $1,136.11 an ounce by 2:49 pm EDT (1849 GMT). US gold futures for December delivery settled up 0.1 percent at $1,138.10.
The metal gained 2.2 percent on Friday, its biggest one-day rise since January 15, after data showed US employers slammed the brakes on hiring over the last two months. On Monday, data showed new orders and business activity slowed in the United States. "A somewhat improved outlook for gold in light of weaker-than-expected US economic activity most likely will keep the Fed away from the trigger on the Fed funds rate," said Bart Melek, head of commodity strategy for TD Securities in Toronto. Silver rallied 5.4 percent on Friday then extended gains on Monday on technical buying to its highest in nearly 3 months at $15.71 an ounce, before paring gains to a rise of 2.5 percent at $15.62. It soared above its 100-day moving average and neared its 200-day moving average at $15.93.
Platinum was trading up 0.3 percent at $907.99, after hitting a near-seven-year-low of $888 in the previous session. Palladium earlier rose 2 percent to $710.50 an ounce, its highest since June and rising above its 200-day moving average, boosted by hopes that demand for gasoline cars, where the metal is used in catalysts, could increase. It turned down 0.8 percent to $689.72.

Copyright Reuters, 2015

Comments

Comments are closed.