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Gold falls as Fed's taper talks boost U.S. dollar

Spot gold fell 0.5% to $1,779.52 per ounce by 0640 GMT

Published 19 Aug, 2021 01:19pm

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Spot gold target range of $1,801-$1,811 aborted

On the daily chart, a small doji formed on Tuesday, around a strong resistance of $1,800

Published 18 Aug, 2021 10:39am

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Gold gains as virus jitters boost safe-haven appeal

Spot gold rose 0.3% to $1,791.67 per ounce by 0314 GMT, hovering below a more than one-week high of 1,795.25 hit on Tuesday

Published 18 Aug, 2021 10:34am

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Spot gold may rise into $1,801-$1,811 range

Support is at $1,775, a break below which could signal the completion of the wave c. A bearish target zone of $1,743-$1,759 will be established then

Published 17 Aug, 2021 10:42am

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Spot gold may fall into $1,759-$1,769 range

A break above $1,785 could lead to a gain into a zone of $1,795-$1,811

Published 16 Aug, 2021 12:26pm

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Gold pinned near one-week peak on weak consumer sentiment print

Spot gold was flat at $1,779.51 per ounce by 0100 GMT, having earlier hit a high since Aug. 6 at $1,780.82. US gold futures were up 0.2% to $1,781.20

Published 16 Aug, 2021 12:22pm

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Gold hovers near one-week peak on weak consumer sentiment print

Spot gold fell 0.1% to $1,776.78 per ounce by 0342 GMT, having earlier hit its highest since Aug. 6 at $1,782.40. US gold futures were flat at $1,778.50

Published 16 Aug, 2021 10:55am

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Gold firms on virus anxiety, heads for weekly fall

US gold futures were up 0.5% at $1,759.70

Published 13 Aug, 2021 12:37pm

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Gold ticks higher on Delta worries, eyes weekly fall again

Silver rose 0.4% to $23.25 per ounce, but was down over 4% for the week

Published 13 Aug, 2021 11:23am

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Spot gold may test resistance at $1,759

The contract is riding on a wave c, which may either end around $1,759 or extend to $1,785

Published 13 Aug, 2021 11:22am

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Gold steadies as US inflation data soothes early taper fears

The dollar index, meanwhile, was flat and hovered below a more than four-month high hit on Wednesday

Published 12 Aug, 2021 11:09am

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Spot gold may test resistance at $1,759

Support is at $1,743, a break below which could cause a fall to $1,728

Published 12 Aug, 2021 11:02am

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Gold holds steady as tame inflation data eases tapering concerns

China's tighter social restrictions to fight its latest COVID-19 outbreak, now in its fourth week and involving more than a dozen cities, are hitting the services sector especially travel and hospitality

Published 12 Aug, 2021 11:01am

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Gold inches lower on firm dollar, yields; US inflation data in focus

Gold is viewed as a hedge against higher inflation, but a Fed rate hike would dull bullion's appeal as that would increase the opportunity cost of holding the non-yielding metal

Published 11 Aug, 2021 10:26am

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Gold gains on Delta variant concerns ahead of US inflation data

Indications in recent days of an improving labour market has raised fears of a sooner-than-expected US interest rate hike, sending gold prices to a four-month low on Monday

Published 11 Aug, 2021 10:25am

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Spot gold may slowly drop towards $1,687-$1,704 range

On the daily chart, the metal is consolidating around a support at $1,718

Published 11 Aug, 2021 10:11am

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Spot gold may revisit Monday low of $1,684.37

The long-shadowed candlestick on Monday is not considered as a reversal pattern, it is a natural market reaction after a temporary oversold condition

Published 10 Aug, 2021 11:18am

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Gold gains after sharp sell-off as dollar takes breather

On the technical front, spot gold may revisit its Monday low of $1,684.37 per ounce, driven by a wave C, according to Reuters technical analyst Wang Tao

Published 10 Aug, 2021 11:16am

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Gold slips to over 4-month low on early Fed tapering fears

Meanwhile, the dollar index hit a two-week high on Monday

Published 09 Aug, 2021 12:15pm

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Gold reels to 4-month low on fears of early Fed tapering

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell to 1,025.28 tonnes on Friday, from 1,027.61 tonnes on Thursday

Published 09 Aug, 2021 10:22am

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Spot gold still targets July 23 low of $1,789.98

The fall would have a more bearish indication that the longer-term downtrend from $2,072.50 would continue

Published 06 Aug, 2021 10:53am

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Gold languishes near $1,800/oz on firm dollar, Fed's taper talk jitters

Indicative of sentiment, holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell to 1,027.61 tonnes on Thursday

Published 06 Aug, 2021 10:32am

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Spot gold may revisit July 23 low of $1,789.98

A break below $1,806 could cause a fall to $1,784 while a break above $1,841 could confirm the continuation of the wave c towards the $1,869-$1,897 range

Published 05 Aug, 2021 11:29am

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Spot gold remains neutral in $1,802-$1,822 range

This could be a pause before a deep fall or an accumulation of bullish momentum

Published 04 Aug, 2021 11:20am

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Spot gold neutral in $1,802-$1,822 range

Following its two failures to break a resistance at $1,833, gold may revisit its July 23 low of $1,789.98

Published 03 Aug, 2021 11:28am

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Gold falls as investors await US jobs data

Spot gold fell 0.2% to $1,810.56 per ounce by 0121 GMT, while US gold futures fell 0.5% to $1,813.80

Published 03 Aug, 2021 11:20am

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Gold dips as dollar holds ground; US jobs data in focus

Lower interest rates reduce the opportunity cost of holding non-yielding bullion

Published 02 Aug, 2021 10:46am

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Spot gold may revisit July 23 low of $1,789.98

Over the next few days, gold may remain sideways within the range

Published 02 Aug, 2021 10:14am

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Spot gold may rise to $1,842

This wave is expected to travel into a range of $1,842-$1,874

Published 30 Jul, 2021 12:01pm

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Gold edges up on dovish Fed chief, softer dollar

US Treasury yields also fell after the Fed gave no details on when it is likely to reduce bond purchases

Published 29 Jul, 2021 11:39am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 8 786 Investments Limited(786)	4.81 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 8 Al-Abbas Sugar Mills Limited(AABS)	365.50 ▼ 0.00 (0.00%)
Agro Allianz / Feb 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 8 Allied Bank Limited(ABL)	68.90 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 8 Abbott Laboratories (Pakistan) Limited(ABOT)	398.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 8 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 8 Attock Cement Pakistan Limited(ACPL)	56.68 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 8 786 Investments Limited(786)	4.81 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 8 Al-Abbas Sugar Mills Limited(AABS)	365.50 ▼ 0.00 (0.00%)
Agro Allianz / Feb 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 8 Allied Bank Limited(ABL)	68.90 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 8 Abbott Laboratories (Pakistan) Limited(ABOT)	398.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 8 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 8 Attock Cement Pakistan Limited(ACPL)	56.68 ▼ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Feb 8 Worldcall Telecom Limited(WTL)	44,714,226 ▼ 0.00
Pak Petroleum / Feb 8 Pakistan Petroleum Limited(PPL)	31,774,289 ▼ 0.00
Sui South Gas / Feb 8 Sui Southern Gas Company Limited(SSGC)	16,127,166 ▼ 0.00
Oil & Gas Dev. / Feb 8 Oil & Gas Development Company Limited(OGDC)	16,106,888 ▼ 0.00
Sui North Gas / Feb 8 Sui Northern Gas Pipelines Limited(SNGP)	14,255,656 ▼ 0.00
TRG Pak Ltd / Feb 8 TRG Pakistan Limited(TRG)	9,313,459 ▼ 0.00
Pak Refinery / Feb 8 Pakistan Refinery Limited(PRL)	7,382,807 ▼ 0.00
Faysal Bank / Feb 8 Faysal Bank Limited(FABL)	7,102,193 ▼ 0.00
Hub Power Co. / Feb 8 The Hub Power Company Limited(HUBC)	6,284,871 ▼ 0.00
Telecard Limited / Feb 8 Telecard Limited(TELE)	6,255,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 7	277.25
USD PKR Interbank Buying / Feb 7	276.25
USD to Japanese Yen / Feb 7	131.10
USD to Swiss Franc / Feb 7	0.92
Pound Sterling to USD / Feb 7	1.20
Euro to USD / Feb 7	1.07
UK LIBOR % / Feb 7	4.56

Stock	Volume
S&P 500 / Feb 7	4164
India Sensex / Feb 7	60286.04
Tokyo Nikkei / Feb 7	27685.47
Nasdaq / Feb 7	12113.79
Hang Seng / Feb 7	21298.70
FTSE 100 / Feb 7	7864.71
Dow Jones / Feb 7	34156.69
Germany DAX 30 / Feb 7	15320.88
France CAC40 / Feb 7	7132.35

Item	Value
Crude Oil USD/Barrel / Feb 7	77.48
Karachi Cotton PKR/37.32 KG / Feb 7	22235
Gold 10 Grams PKR / Feb 7	171468
Gold Spot USD/Ounce / Feb 7	1871.78
Cotton US¢/pound / Feb 7	85.63

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