ISLAMABAD: The price of gold has once again recorded a significant decline in the global market, after which gold seems to be unable to come out of the pressure.
During the latest trading, gold fell to $4,721 per ounce after a major decline of $172 (48160 Rupees). The value of gold fell by more than 3 percent during the trading session, which further affected the confidence of investors.
On the other hand, a clear decline was also recorded in crude oil prices. Crude oil prices in the global market fell by 4 percent, as a result of which Brent crude oil is being sold at $67 while WTI crude oil is being sold at $63 per barrel.
According to experts, pressure on precious metals and energy markets remains due to global economic concerns, the strength of the dollar and profit-taking by investors.
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