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Weely Review : Gold prices in Pakistan and Gold prices in USA

Gold investors have showed a little interest in the precious metals last week.Gold prices in USA started the week at $ 1173/ounce and ended the week at $ 1195/ounce.Gold prices in Pakistan are also following the pattern set by the international factors.Gold prices in Pakistan started the week at Rs 49900/tola  and ended the week at Rs 50800/tola. Following are the most important factors affecting the  gold prices in Pakistan and gold prices in USA .These factors impacted the gold prices in great way.

Economic Uncertainty

Brexit developments in the European markets have really affected the financial markets. This uncertainty has really helped safe haven assets all over the world.Investors have showed a special interest n the gold market. This thing helped gold prices in USA to rise by 1.87 % during the week.The uncertainty in the Asian stock markets was also seen during the week.

Political Uncertainty

The inauguration of the President creating a certainty n the equity market and gold market. It s really helping safe haven assets like gold investors are not sure about the expected economic and political policies of the trump administration. The situation will become clear after the inauguration of the Donald trump n the next week.

Future Outlook

Gold market investors are expecting a mixed week for the gold market. Equity markets will improve after the inauguration of the Donald trump.It will put more pressure on the gold prices in USA and Gold prices in Pakistan. So investors are expecting a steep fall n the gold prices in USA in next week.A good US CPI can also affect the long term prospects of gold market. So Gold Market investors can earn short term returns by investing in Gold market.

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About Emaad Qureshi