Gold slips as investors await Fed policy decision
Gold prices fell in Pakistan and international markets as investors exercised caution ahead of the US Federal Reserve's policy decision. A stronger US dollar and geopolitical tensions, including the US-Iran situation, are currently influencing commodity market volatility.
Why it matters
Gold price fluctuations serve as a key indicator of investor sentiment and economic uncertainty regarding global monetary policy.
--> Home Business Gold slips as investors await Fed policy decision Local rates drop to Rs427,436/tola amid firmer dollar; rupee closes at 277.85/$
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Gold slips as investors await Fed policy decision Gold prices in Pakistan fell on Tuesday, tracking losses in the international market, amid a firmer US dollar and investor caution ahead of the Federal Reserve's policy decision.
In the local market, the price of 24-carat gold dipped by Rs4,300 to Rs427,436 per tola, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. Ten-gram gold was quoted at Rs366,457, down Rs3,687. A day earlier, gold had gained Rs4,000. Silver also weakened, shedding Rs174 to Rs6,223 per tola.
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