Gold falls as market awaits breakout - The Express Tribune

AI desk brief

Pakistan gold prices fell Rs3,600/tola to Rs435,436 and 10-gram gold dropped Rs3,086 to Rs373,316 as international bullion stayed range-bound ahead of next week’s Fed meeting and upcoming PCE inflation data. Spot gold was steady at $4,138.54/oz and December futures eased 0.1% to $4,157.90/oz; silver was unchanged at Rs6,234/tola.

Market commentary pointed to a tight band, with intraday trade between $4,111 and $4,155 and a broader range of $4,060-$4,220. Traders are watching for a breakout: support below $4,000 could expose $3,700-$3,800, while a move through $4,250-$4,280 could open $4,400 and potentially $4,600.