AGL 38.99 Decreased By ▼ -0.59 (-1.49%)
AIRLINK 130.68 Decreased By ▼ -0.54 (-0.41%)
BOP 7.07 Increased By ▲ 0.26 (3.82%)
CNERGY 4.62 Decreased By ▼ -0.09 (-1.91%)
DCL 8.45 Increased By ▲ 0.01 (0.12%)
DFML 41.03 Decreased By ▼ -0.44 (-1.06%)
DGKC 81.50 Decreased By ▼ -0.59 (-0.72%)
FCCL 32.80 Decreased By ▼ -0.30 (-0.91%)
FFBL 72.60 Decreased By ▼ -0.27 (-0.37%)
FFL 12.39 Increased By ▲ 0.13 (1.06%)
HUBC 109.90 Decreased By ▼ -0.84 (-0.76%)
HUMNL 14.06 Decreased By ▼ -0.45 (-3.1%)
KEL 5.11 Decreased By ▼ -0.08 (-1.54%)
KOSM 7.70 Increased By ▲ 0.09 (1.18%)
MLCF 38.60 Decreased By ▼ -0.30 (-0.77%)
NBP 68.71 Increased By ▲ 4.70 (7.34%)
OGDC 190.01 Decreased By ▼ -2.81 (-1.46%)
PAEL 25.55 Decreased By ▼ -0.13 (-0.51%)
PIBTL 7.43 Increased By ▲ 0.09 (1.23%)
PPL 151.50 Decreased By ▼ -2.57 (-1.67%)
PRL 25.45 Decreased By ▼ -0.38 (-1.47%)
PTC 17.45 Decreased By ▼ -0.36 (-2.02%)
SEARL 81.30 Decreased By ▼ -1.00 (-1.22%)
TELE 7.65 Decreased By ▼ -0.11 (-1.42%)
TOMCL 33.00 Decreased By ▼ -0.46 (-1.37%)
TPLP 8.35 Decreased By ▼ -0.14 (-1.65%)
TREET 17.06 Increased By ▲ 0.44 (2.65%)
TRG 57.75 Increased By ▲ 0.35 (0.61%)
UNITY 28.02 Increased By ▲ 0.51 (1.85%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 10,595 Increased By 90.2 (0.86%)
BR30 31,076 Decreased By -150.1 (-0.48%)
KSE100 98,677 Increased By 596.8 (0.61%)
KSE30 30,779 Increased By 220.4 (0.72%)

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.