Gold prices edged up on Thursday as the US dollar ticked lower, but the bullion lacked the impetus to move higher as investors remained on the sidelines in holiday-thinned trading and an uncertainty around the Federal Reserve's upcoming rate path.
Gold prices rose to an over two-week high on Tuesday, as the U.S. dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank's latest meeting for further policy cues.
Gold prices declined on Monday weighed down by an uptick in US Treasury yields, with investors awaiting minutes of the Federal Reserve’s last meeting for cues on the central bank’s interest rate path.
KARACHI: A robbery incident was reported from Karachi, where robbers took away gold worth millions from a flat located in the Napier Road area of the metropolis, ARY News reported on Saturday.
Gold prices eased on Monday as U.S. 10-year Treasury yields advanced higher, while investors kept a tab on growing unrest in the Middle East and awaited U.S. economic data.