Bullion Rate

Gold set for biggest monthly drop since 2016

A Fed rate hike will increase the opportunity cost of holding bullion, dulling its appeal.

Published 30 Jun, 2021 10:46am

Bullion Rate

Spot gold remains neutral in $1,769-$1,797 range

It seems the metal tested the support at $1,769 more often than the resistance at $1,797.

Published 29 Jun, 2021 11:12am

Bullion Rate

Gold eases on firm dollar, Fed officials' hawkish views

Gold prices edged lower on Tuesday to hover near a one-week low hit in the previous session, weighed down by a firm...

Published 29 Jun, 2021 10:32am

Bullion Rate

Spot gold may fall into $1,734-$1,744 range

The final wave labelled 5 is travelling towards the target range.

Published 25 Jun, 2021 10:57am

Bullion Rate

Gold eyes first weekly rise in four on muted dollar, US data in focus

Gold is viewed as a hedge against higher inflation that could follow stimulus measures.

Published 25 Jun, 2021 09:48am

Bullion Rate

Gold gains after US Fed chief calms rate hike jitters

Elsewhere, silver climbed 0.8% to $25.95 per ounce, palladium rose 0.8% to $2,578.75.

Published 23 Jun, 2021 11:45am

Bullion Rate

Spot gold may test resistance at $1,797

A break below $1,769 may be followed by a shallow drop limited to a support zone of $1,744 to $1,758.

Published 23 Jun, 2021 10:14am

Bullion Rate

Gold ticks up after Powell pledges not to raise rates quickly

US gold futures were steady at $1,777.60 per ounce.

Published 23 Jun, 2021 10:12am

Bullion Rate

Gold edges higher on subdued dollar ahead of Powell's testimony

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.3% on Monday.

Published 22 Jun, 2021 10:45am

Bullion Rate

Gold firms on dollar retreat; Powell testimony awaited

Silver eased 0.2% to $25.88 per ounce, palladium edged 0.1% lower to $2,581.99. Platinum climbed 0.3% to $1,056.39.

Published 22 Jun, 2021 09:57am

Bullion Rate

Gold ticks up on subdued dollar ahead of Fed chief's testimony

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.3% on Monday.

Published 22 Jun, 2021 09:56am

Bullion Rate

Gold prices firm as US Treasury yields slide

The Fed reiterated last week that it wanted to see "substantial further progress" in employment before making any policy shifts.

Published 21 Jun, 2021 01:00pm

Bullion Rate

Spot gold may retest resistance $1,797

Indeed, the whole correction from $1,916.40 could have completed.

Published 21 Jun, 2021 10:06am

Bullion Rate

Spot gold may bounce to $1,797

These supports are working together to end the downtrend.

Published 18 Jun, 2021 12:14pm

Bullion Rate

Gold set for worst week since March 2020 after hawkish

US gold futures edged 0.2% higher to $1,779 per ounce.

Published 18 Jun, 2021 10:52am

Bullion Rate

Spot gold may revisit Wednesday low of $1,803.79

It is certain that the break above this trendlilne was false.

Published 17 Jun, 2021 10:47am

Bullion Rate

Gold at over 1-month low after Fed's hint of early rate hikes

Higher interest rates will dull gold's appeal as they translate into a higher opportunity cost of holding it.

Published 17 Jun, 2021 10:45am

Bullion Rate

Gold slides over 1% after Fed projects rate hikes into 2023

Market participants are now keeping a close watch on Fed Chair Jerome Powell's news conference after the statement.

Published 17 Jun, 2021 10:42am

Bullion Rate

Gold little changed as investors await Fed's view on stimulus outlook

Meanwhile, data from China showed the country's industrial output grew 8.8% in May from a year earlier, while retail sales rose 12.4%.

Published 16 Jun, 2021 12:34pm

Bullion Rate

Spot gold may test support at $1,842

Based on another retracement analysis on the fall from $1,959.01, gold may drop into $1,784-$1,818 range.

Published 16 Jun, 2021 10:58am

Bullion Rate

Gold steadies on dollar retreat; focus on Fed meeting

US gold futures gained 0.2% to $1,869.

Published 15 Jun, 2021 12:41pm

Bullion Rate

Spot gold may retest support at $1,842

The pullback may end in $1,872-$1,879 range.

Published 15 Jun, 2021 11:31am

Bullion Rate

Gold down for 3rd day as dollar firms ahead of Fed meeting

Also on the radar, US monthly retail sales data due later in the day.

Published 15 Jun, 2021 11:29am

Bullion Rate

Gold little changed as markets await US Fed meeting

Silver rose 0.1% to $27.85 per ounce, palladium was steady at $2,751.68, while platinum gained 0.2% to $1,166.93.

Published 15 Jun, 2021 11:27am

Bullion Rate

Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms

Meanwhile, speculators reduced their net long positions in COMEX gold in the week ended June 8 and raised their net long positions in silver.

Published 14 Jun, 2021 12:17pm

Bullion Rate

Spot gold to fall towards $1,842

On the daily chart, the correction triggered by the key resistance at $1,921 has extended.

Published 14 Jun, 2021 12:13pm

Bullion Rate

Gold tops $1,900/oz mark as dollar, yields dip after US data

Silver rose 0.7% to $28.16 per ounce, while platinum gained 0.3% to $1,153.82.

Published 11 Jun, 2021 12:34pm

Bullion Rate

Spot gold may test resistance at $1,911

The metal has completed the second pullback towards a falling trendline.

Published 11 Jun, 2021 11:11am

Bullion Rate

Gold hovers near $1,900/oz as dollar, yields dip after US data

Silver was steady at $27.96 per ounce, palladium slipped 0.5% to $2,763.87, while platinum edged 0.1% lower to $1,150.31.

Published 11 Jun, 2021 11:10am

Bullion Rate

Gold subdued as markets await for ECB decision, US data

The ECB policy decision is due at 1145 GMT. The central bank is all but certain to maintain a generous flow of stimulus when policymakers meet.

Published 10 Jun, 2021 12:26pm

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

Bullion Rate

Most Popular Articles