Softer dollar and lower oil lift gold to $4,206.01

The gold rate in Pakistan today is not quoted in Monday's report, which put spot gold up 0.3% at $4,206.01 an ounce on a softer dollar and lower oil prices.

As of 0253 GMT on Monday, spot gold was 0.3 percent higher at $4,206.01 an ounce, after touching its highest level since October 2.

US gold futures for December delivery gained 0.3 percent to $4,230.40.

Business Recorder linked the rise to a softer dollar and lower oil prices after a reported Russia-Ukraine energy ceasefire.

CME FedWatch put the chance of a US rate hike at 17 percent in October and 86 percent by December.

The report does not give a Pakistan per-tola, 24-carat or 21-carat rate in rupees.

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Zaviya