Gold flat as international prices slip - The Express Tribune

AI desk brief

Gold was flat in Pakistan at Rs439,036/tola as local rates held despite a softer international tone, with spot gold down 0.5% to $4,143.91/oz and December futures off 0.4% to $4,163.30/oz. The move was driven by a firmer US dollar and a 0.6% rise in 10-year Treasury yields, while traders await next week's Fed decision and US PCE inflation data.

International prices were described as rangebound, with Adnan Agar of Interactive Commodities citing support around $4,070-$4,080 and resistance near $4,200; he said a break of either side should set the next directional move. Traders are pricing an 83% chance of no Fed rate change this month, but elevated yields and inflation concerns remain a near-term headwind for bullion.