pakistan
Gold trims losses on softer-than-expected US inflation data
Key takeaways
- Add ARY News on Google AAResize Gold pared losses on Wednesday but remained near more than a two-month low after the release of cooler-than-expected U.S.
- Spot gold was down 2.6% at $4,151.86 per ounce by 9:02 a.m. EDT (1302 GMT), its lowest level since March 23.
- U.S. gold futures for August delivery shed 2.6% to $4,174.70.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Gold pared losses on Wednesday but remained near more than a two-month low after the release of cooler-than-expected U.S. inflation data, while traders shifted their focus to the risk of a wider regional war involving the U.S. and Iran.
Spot gold was down 2.6% at $4,151.86 per ounce by 9:02 a.m. EDT (1302 GMT), its lowest level since March 23. Bullion fell 3% earlier in the session.
U.S. gold futures for August delivery shed 2.6% to $4,174.70.
Article preview — originally published by ARY News. Full story at the source.
Read full story on ARY News →
More top stories
Also covered by
Yahoo Finance
Gold extends losses to nearly 3% after crucial inflation report
Yahoo Finance
Nasdaq and Dow Jones futures cut losses after CPI inflation print
Bloomberg Markets
US Inflation Accelerates, Though Core Gauge Comes in Softer
Yahoo Finance
Dollar treads water as US-Iran clashes, inflation data in focus
Aggregated and edited by the Scoop newsroom. We surface news from ARY News alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop