Bengaluru : Gold prices were muted day as the dollar extended gains from the previous session when strong United States inflation data and trade war concerns boosted demand for the greenback.
Spot gold was down about 0.1 percent at $1,246.11 an ounce at 0050 GMT. U.S. gold futures for August delivery were little changed at $1,246.30 an ounce.
The U.S. dollar hit a six-month high against the Japanese yen on Friday. Against a basket of six major currencies , the dollar was up 0.1 percent at 94.899.
U.S. consumer prices recorded their largest increase in nearly 6-1/2 years in the year through June, while the monthly pace continued to suggest a steady buildup of inflation that could keep the Federal Reserve on a path of gradual interest rate increases.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
A representational image of a US flag pictured alongside a street sign reading "Wall Street" in the New York city. —...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
A foreign currency dealer counts US dollars at a shop in Karachi. — AFP/FileKARACHI: The rupee lost ground against...
