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Spot gold may test resistance at $1,746

The rise is presumed to have been driven by a wave 4, which will be reversed by a downward wave 5.

Published 16 Mar, 2021 11:15am

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Spot gold may test resistance at $1,746

A dotted trendline suggests a lower target around $1,750.

Published 15 Mar, 2021 11:05am

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Gold sheds gains on hopes of swift recovery after China data

Investors are now awaiting the US Federal Reserve meeting this week for direction on monetary policy.

Published 15 Mar, 2021 11:00am

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Gold rises on inflation worries after US stimulus approval

The number of Americans filing new jobless claims fell to a four-month low last week, while the US market morale rose to its highest in a year in early March.

Published 15 Mar, 2021 10:58am

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Gold slips off 1-week peak as bond yields bounce back

A $1.9 trillion US COVID-19 relief bill was also approved on Wednesday.

Published 12 Mar, 2021 11:18am

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Gold slips from 1-week peak as rising US bond yields weigh

The European Central Bank is likely to signal faster money printing on Thursday to keep a lid on borrowing costs but it will stop short of adding firepower to its already aggressive pandemic-fighting package.

Published 11 Mar, 2021 11:25am

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Spot gold may retest resistance at $1,746

The rise could be driven by a wave 4, which may end below $1,769, as suggested by a falling trendline.

Published 11 Mar, 2021 10:53am

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Spot gold may retest resistance at $1,716

On the daily chart, a bullish engulfing pattern formed, following the rise on Tuesday. It signals a further gain on Wednesday.

Published 10 Mar, 2021 10:47am

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Gold rises on weaker US Treasury yields, dollar

Lower yields reduce the opportunity cost of holding the non-interest paying gold.

Published 10 Mar, 2021 10:45am

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Gold recovers from 9-month low as US yields retreat

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust fell to their lowest since April 2020 on Monday.

Published 09 Mar, 2021 11:00am

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Spot gold may test support at $1,669

Regardless of its ending point, this wave may be disrupted by a strong bounce around $1,651.

Published 09 Mar, 2021 10:21am

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Gold rebounds from 9-month low on weaker dollar, US stimulus

However, "the (gold) market may have fallen too steeply, too quickly", he added.

Published 08 Mar, 2021 10:11am

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Spot gold may retest support at $1,691

The strong support at $1,651 may trigger a bounce towards $1,693.

Published 08 Mar, 2021 09:47am

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Gold sinks to 9-month low as Fed remarks boost dollar, bond yields

CME Group Inc decreased margins for COMEX 100 Gold Futures contracts by 9.1%.

Published 05 Mar, 2021 10:19am

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Venezuela opposition accuses government of illegal gold sales

Borges said the UAE was the "nerve center of this great theft of Venezuela's riches."

Published 04 Mar, 2021 11:03am

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Spot gold may test support at $1,691

The break confirmed the continuation of the wave C towards its target zone.

Published 04 Mar, 2021 10:05am

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Gold recovers from 9-month low, but higher yields weigh

The US Senate delayed the start of debate on a $1.9 trillion COVID-19 relief bill until at least Thursday.

Published 04 Mar, 2021 10:03am

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Firm US yields keep gold under pressure

Fed officials, however, maintain that they will keep their easy money plans in place even in the face of a potential bout of inflation this spring in an economy boosted by vaccines and government spending.

Published 03 Mar, 2021 10:45am

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Spot gold may retest support at $1,716

Only a break above $1,761 could signal the completion of the wave C. On the daily chart, gold is still testing the support at $1,723, the 76.4% projection level of a downward wave C from $1,959.01.

Published 03 Mar, 2021 10:00am

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Gold falls to over 8-mth low on stronger dollar, higher yields

Focus also remains on the developments of the $1.9 trillion US coronavirus relief bill that will be debated in the Senate this week.

Published 02 Mar, 2021 12:03pm

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Spot gold may fall into $1,669-$1,691 range

It might be too bold to target $1,460-$1,533 range right now. However, the preceding zigzagging fall does suggest a possible crash into this zone.

Published 02 Mar, 2021 10:05am

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Gold prices edge higher as US Treasury yields retreat

US bank Wells Fargo said it has expanded its precious metals trading business, filling gaps in the market left by the withdrawal of Bank of Nova Scotia (Scotiabank).

Published 02 Mar, 2021 10:02am

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Gold rises 1% on weaker dollar, US stimulus cheer

Gold is considered a hedge against inflation, likely to result from widespread stimulus, while higher bond yields challenge that status.

Published 01 Mar, 2021 11:50am

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Spot gold may bounce into $1,761-$1,783 range

On the daily chart, gold has found a support at $1,724. It is bouncing towards $1,769.

Published 01 Mar, 2021 10:14am

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Spot gold may fall towards $1,726

Resistance is at $1,783, a break above which could lead to a gain to $1,801. On the daily chart, gold is retesting a support at $1,769, the 61.8% projection level of a downward wave C from $1,959.01.

Published 26 Feb, 2021 09:54am

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Gold heads for second monthly decline as US yields rally

Silver eased 0.2% to $27.34 an ounce, but was poised for a third straight monthly rise, while palladium climbed 0.8% to $2,420.68 and was set to register its best month in a year with a more than 8% gain.

Published 26 Feb, 2021 09:51am

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Gold rises on dollar weakness, dovish comments from Fed's Powell

Spot gold rose 0.2% to $1,808.15 per ounce by 0552 GMT, after hitting its highest since Feb. 16 at $1,815.63 on Tuesday. US gold futures gained 0.1% to $1,808.40.

Published 24 Feb, 2021 01:43pm

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Spot gold may break $1,818 and rise to $1,840

Following a shallow correction to $1,801, it may have accumulated enough momentum to overcome this barrier.

Published 24 Feb, 2021 10:09am

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South Africa's Harmony Gold posts 211% jump in half-year profit

Headline earnings per share for the six months ended December 2020 rose by 211% to 775 cents per share compared with 249 cents a year earlier.

Published 23 Feb, 2021 11:28am

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Spot gold to rise to $1,840

On the daily chart, gold has cleared a resistance at $1,805.

Published 23 Feb, 2021 10:59am

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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