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Gold holds below 4-month peak as dollar, Treasury yields rebound

As the dollar firmed and US Treasury yields rose after the release of the minutes from the Federal Reserve's last monetary policy meeting.

Published 20 May, 2021 11:35am

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Gold retreats as dollar, US yields gain after Fed minutes

"Despite the carnage over several asset classes, gold investors got to be happy with how it performed today.

Published 20 May, 2021 11:32am

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Spot gold may fall into $1,830-$1,847 range

On the daily chart, the metal is struggling around a similar resistance at $1,874, which may trigger a pullback towards the falling trendline.

Published 19 May, 2021 12:05pm

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Gold hovers near 4-month high as dollar eases; Fed minutes in focus

US gold futures rose 0.1% to $1,869.60 per ounce.

Published 19 May, 2021 11:59am

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Spot gold may retreat into $1,830-$1,847 range

On the daily chart, the metal faces a similar resistance at $1,874, which may trigger a pullback towards the falling trendline.

Published 18 May, 2021 10:58am

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Gold prices at 3-1/2-month high on weaker dollar, inflation anxiety

Investors now await minutes of the US Fed's last meeting, due on Wednesday, for more cues on the US central bank's monetary policy.

Published 18 May, 2021 10:52am

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Gold extends rally as dollar weakness, inflation jitters lift appeal

"However, the pace of the gold rally appears to be outpacing fundamentals right now, and the Relative Strength Index (RSI) has entered overbought territory.

Published 18 May, 2021 10:33am

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Gold scales over 3-month peak on virus woes, lower US yields

Gold is seen as a hedge against rising inflation.

Published 17 May, 2021 03:29pm

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Gold scales over 3-month high on virus worries, lower US yields

Benchmark US 10-year Treasury yields slipped to their lowest in nearly a week, reducing the opportunity cost of holding non-interest bearing gold.

Published 17 May, 2021 12:03pm

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Spot gold may rise to $1,876

The fall may be extended to $1,830. On the daily chart, the metal is poised to test a falling trendline.

Published 17 May, 2021 11:34am

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Spot gold may retreat to $1,816 before rising

The consolidation could be due to a surge from the May 5 low of $1,769.20, which has run too fast to sustain.

Published 12 May, 2021 12:21pm

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Spot gold may retest resistance at $1,847

It is rising toward a falling trendline, which establishes a resistance around $1,850.

Published 11 May, 2021 12:18pm

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Gold up on lower yields, dollar; focus on US inflation data

"The scope for further declines (in gold prices) may be modest," HSBC analysts said in a note, adding that a decline in yields offers gold a chance to rally.

Published 11 May, 2021 12:16pm

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Gold firms as US jobs data miss cements low rates view

Spot gold may test a resistance at $1,847 per ounce, a break above which could lead to a gain to $1,876, according to Reuters technical analyst Wang Tao.

Published 10 May, 2021 11:24am

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Spot gold may test resistance at $1,847

A break above the trendline would be a major victory of bulls, as it confirms a reversal of the downtrend from $2,072.50.

Published 10 May, 2021 11:14am

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Spot gold may test resistance at $1,830

On the daily chart, gold is rising towards a falling trendline, which suggests a target around $1,850.

Published 07 May, 2021 11:29am

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Gold set for best week in 6 months on softer dollar, yields

Spot gold may test a resistance at $1,830 per ounce, a break above could lead to a gain to $1,847, according to Reuters technical analyst Wang Tao.

Published 07 May, 2021 11:28am

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Spot gold may retest resistance at $1,802

On the daily chart, a retracement analysis reveals a similar resistance at $1,799, the 61.8% level.

Published 06 May, 2021 11:55am

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Gold subdued on firmer dollar; focus on US jobs report

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

Published 06 May, 2021 11:52am

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Spot gold may retest resistance at $1,802

On the daily chart, the current correction is expected to be much shallower than the one from the April 22 high of $1,797.67.

Published 05 May, 2021 12:15pm

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Gold prices edge higher as pullback in US dollar lifts appeal

Elsewhere, palladium rose 0.3% to $2,993.71 per ounce after hitting an all-time high of $3,017.18 in the previous session, driven by concerns of a shortage of the metal.

Published 05 May, 2021 12:14pm

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Gold flat as Yellen's comments on rates counter muted dollar

The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports.

Published 05 May, 2021 12:11pm

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Spot gold may test resistance at $1,802

A rise to $1,803 may confirm the break and the target zone.

Published 04 May, 2021 11:51am

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Gold prices ease off 2-month peak on firm dollar, Powell's comments

More than 153.02 million people have been reported to be infected by the novel coronavirus globally and 3,344,235? have died, according to a Reuters tally.

Published 04 May, 2021 11:47am

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Spot gold may test support $1,752

A break above $1,780 may lead to a gain into $1,789-$1,798 range.

Published 03 May, 2021 12:12pm

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Gold inches higher on subdued dollar ahead of US data

China's gold consumption soared 93.9% in the first three months from the same quarter a year earlier, the China Gold Association said on Friday.

Published 03 May, 2021 12:08pm

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Gold dips after strong US data; set to post worst week in a month

"Better economic data weighed on bonds, with yields subsequently rising and denting investor demand for the precious metal," ANZ analysts said in a note.

Published 30 Apr, 2021 11:37am

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Spot gold may fall to $1,752

Resistance is at $1,780, a break above which could lead again into $1,789-$1,798 range.

Published 30 Apr, 2021 11:35am

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China's Q1 gold consumption jumps 93.9% y/y on robust demand

Gold output in the January-March period fell 9.92% to 74.44 tonnes, the association said in a statement on its website.

Published 30 Apr, 2021 11:20am

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Spot gold may test resistance at $1,792

The pullback may end above $1,773.

Published 29 Apr, 2021 11:24am

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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