Gold prices lower

Published June 14, 2008

LONDON, June 13: Gold weakened in Europe on Friday after the euro slipped to a one-month low against the dollar in the wake of an Irish vote on EU reform.

Gold dipped to $863.10/864.10 an ounce from $867.55/869.55 late in New York on Thursday.

Precious metals traders are now awaiting US CPI data due later on Friday, strength in which could increase the likelihood of a hike in interest rates later this year and further benefit the dollar.

They will also be closely watching this weekend's G8 finance ministers' meeting, at which inflation is expected to take centre stage.

This is the end of a pretty choppy week. People will be keeping an eye on the dollar as the key driver of intraday direction, said James Moore, an analyst at TheBullionDesk.com.

—Reuters

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....