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Price of gold in pakistan forex

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price of gold in pakistan forex

Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a US Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year. The price of 24k gold in Dubai is Dh With the Fed widely expected to raise interest rates at its two-day meeting that ends on Wednesday, the focus will be on any fresh hints on the pace of further tightening in the months to come and next year, and any further details on its plans for trimming its balance sheet. The focus is on whether the Fed is looking at three or four rate hikes this year, according to Argonaut Securities analyst Helen Lau. Check today's gold and Forex rate. Higher interest rates tend to boost the dollar and bond yields, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion. The market is also anxious to see if the Fed becomes more dovish in its outlook, he said. Spot gold was up 0. US gold futures for August delivery fell 0. 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4 thoughts on “Price of gold in pakistan forex”

  1. ford13 says:

    Very often, diplomatic and unscrupulous politicians and religious leaders have been guilty of using twisted logic and planted evidence to get to their vested interests by creating persuasive statements and moving billions of people through mass media.

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