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Gold scales 1-week peak as dollar falters, yields ease

The European Central Bank on Monday signalled that policymakers are becoming uncomfortable with the recent surge in government bond yields.

Published 23 Feb, 2021 10:56am

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Gold off 7-month low on dollar weakness, but yields weigh

Bitcoin hit a record high on Sunday, after scaling a market capitalisation of $1 trillion on Friday.

Published 22 Feb, 2021 12:32pm

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AngloGold Ashanti boosts dividend five-fold on gold price surge

All-in sustaining costs increased 6.1%, from $998 per ounce to $1059 per ounce. Most of that cost increase was due to the pandemic, AngloGold said.

Published 22 Feb, 2021 11:47am

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Spot gold to test resistance at $1,801

This $1,869 level is pivotal in deciding how far the wave C could travel. A break below it could confirm the extension of this wave towards $1,651.

Published 22 Feb, 2021 10:17am

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Spot gold may fall to $1,726

A sudden surge above $1,783 could signal a reversal of the downtrend.

Published 19 Feb, 2021 11:26am

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Gold off 2-1/2-month low as US Treasury yields retreat

Analysts also said that the recent technical event of gold's 50-day moving average price dipping below the 200-day moving average, known as death cross, could lead to more selling.

Published 18 Feb, 2021 02:44pm

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Gold prices off 2-1/2-month low as US Treasury yields pull back

US retail sales rebounded sharply in January, while US producer prices increased by the most since 2009, suggesting inflation was starting to creep up.

Published 18 Feb, 2021 12:04pm

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Spot gold to test support at $1,761

Gold has started a consolidation, which may be confined in the range of $1,769-$1,805. The downtrend is expected to resume upon the completion of this consolidation.

Published 18 Feb, 2021 11:16am

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Spot gold to test support at $1,783

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Published 17 Feb, 2021 12:35pm

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Spot gold may retest support at $1,818

A further gain above $1,840, however, could indicate an extension of the uptrend from the Feb. 4 low of $1,784.76 towards $1,853-$1,875 range.

Published 16 Feb, 2021 11:19am

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Platinum rallies for third day on economic rebound hopes

Market participants now await minutes of the Federal Reserve's end-January monetary policy meeting on Wednesday.

Published 16 Feb, 2021 11:16am

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Gold eases as dollar rises, still on track for best week in three

But the autocatalyst metal was set to post its best week since early December, with a gain of 7.6%.

Published 12 Feb, 2021 09:59am

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Gold inches lower on dollar recovery, softer US inflation data

"It's quite a mixed narrative right now," said Stephen Innes, chief global market strategist at financial services firm Axi.

Published 11 Feb, 2021 12:02pm

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Spot gold may fall to $1,818

A downward wave C could have resumed, which is expected to travel below $1,783. A break above $1,853 could lead to a gain to $1,875.

Published 11 Feb, 2021 10:13am

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Spot gold signals mixed

Immediate support is at $1,831.60, a break below which could cause a fall into $1,800-$1,818 range.

Published 10 Feb, 2021 10:46am

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Gold gains as dollar extends slide, stimulus hopes firm

The non-farm payrolls data last week has bolstered bets the easy monetary policy is with us for a bit longer than expected, said DailyFX currency strategist Ilya Spivak.

Published 09 Feb, 2021 12:00pm

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AngloGold Ashanti sees earnings to almost triple as gold prices surge

The gold miner expects to report a headline earnings per share between 229 US cents and 247 US cents for the year ended Dec. 31, 2020.

Published 09 Feb, 2021 11:13am

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Spot gold may rise into $1,853-$1,875 range

A break below $1,827.93, however, will indicate a resumption of the downtrend towards $1,783. On the daily chart, gold could be consolidating within a big flat that developed from $1,764.29.

Published 09 Feb, 2021 10:51am

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Spot gold may test support at $1,801

The bounce on Feb. 5 is classified as a pullback towards $1,805. Eventually, the metal may break this level and fall to $1,769.

Published 08 Feb, 2021 10:27am

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Gold rises as bleak US jobs data dents dollar

Breakevens on 10-year Treasury Inflation-Protected Securities, which measure average annual inflation expectations for the coming decade, have jumped to 2.19%, the highest level since mid-2018.

Published 08 Feb, 2021 10:20am

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Spot gold may retest support at $1,783

On the daily chart, gold has broken a support at $1,805, the 50% projection level of a downward wave C from $1,959.01. The metal may test the next support at $1,769.

Published 05 Feb, 2021 11:53am

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Gold inches up, but set for worst week in ten

The Bank of England gave British lenders breathing space of at least six months on Thursday before negative interest rates are a possibility.

Published 05 Feb, 2021 11:50am

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Gold may get China, India physical demand boost as ETF spike fades: Russell

Jewellery demand in China was smacked down 35% to 415.6 tonnes in 2020, while in India it slumped 42% to 315.9 tonnes.

Published 04 Feb, 2021 11:47am

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Spot gold may test support at $1,818

On the daily chart, gold has broken a support at $1,841, the 38.2% projection level of a downward wave C from $1,959.01.

Published 04 Feb, 2021 11:12am

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Gold, silver ease as dollar holds firm near 2-month peak

Spot gold dropped 0.6% to $1,822.01 per ounce by 0330 GMT. US gold futures fell 0.6% to $1,823.90.

Published 04 Feb, 2021 10:14am

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Silver bounces back even as retail frenzy takes a break

"Silver prices are now finding an equilibrium that better reflects supply-demand fundamentals, with the WallStreetBets mania having simmered down," said FXTM market analyst Han Tan.

Published 03 Feb, 2021 02:17pm

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Silver bounces back even as retail-frenzy takes a break

The buzz that started last Thursday saw silver dealers scramble to find supplies for retail buyers, and the amount of silver traded in the London market surged to 1.006 billion ounces on Monday.

Published 03 Feb, 2021 12:03pm

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Spot gold may retest support at $1,832

The metal may test the next support at $1,805, with a good chance of breaking below this level and falling towards $1,769.

Published 03 Feb, 2021 10:49am

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Silver drops from 8-year peak as stellar rally loses steam

"It's just wild market behaviour with a low level of predictability. So, even fundamentals and technicals almost go out of the window," Rodda said.

Published 02 Feb, 2021 01:08pm

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Spot gold may retest support at $1,840

A break above $1,875 could signal an extension of the uptrend towards $1,902, the 61.8% retracement of the downtrend from $1,959.01 to $1,809.90.

Published 02 Feb, 2021 10:03am

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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