AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

US gold futures slumped to their weakest close in over a year on Wednesday as the dollar surged and recession fears triggered a broad commodity sell-off. December settled down $32.80, or 4.3 percent, at $735.20 an ounce on the COMEX division of the New York Mercantile Exchange.
Futures traded in a near $60 range. December dropped to a 13-month low of $720, the weakest since September 4, 2007. It hit a high of $777.90. COMEX estimated final volume at 148,046 lots, and options turnover at 36,129 lots.
December silver ended down 61.50 cents, or 6.1 percent, to $9.460 an ounce, after hitting a near three-year low of $9.355 an ounce. COMEX estimated final volume at 21,649 lots. Spot silver at $9.42, down 6.4 percent from Tuesday's finish of $10.07. NYMEX January platinum finished down $34.50, or 3.9 percent, to $857.20 an ounce.
Platinum group metals hurt by the weak automotive sector, which accounts for around half of all platinum demand, due to mounting fears of a recession. Spot platinum at $830.50, down 6.2 percent from Tuesday's late quote of $885.50. December palladium closed down $3.00, or 1.6 percent, at $180.10 an ounce. Spot palladium at $175.50, down 2.2 percent from Tuesday's close of $179.50.

Copyright Reuters, 2008

Comments

Comments are closed.