Trends - David Meger - Business Recorder

David Meger

Gold listless as investors brace for US Fed outcome

NEW YORK: Gold prices stalled on Wednesday as caution ahead of the US Federal Reserve’s policy decision due later...

Published 15 Dec, 2022 06:00am

Markets

Gold scales two-week peak

NEW YORK: Gold prices rose to a two-week high on Wednesday as the dollar and US bond yields slipped on expectations...

Published 27 Oct, 2022 05:54am

Markets

Gold attempts relief rally as dollar decelerates

NEW YORK: Gold rose about 2% on Wednesday as a retreat in the dollar rekindled some of its safe-haven appeal,...

Published 29 Sep, 2022 05:54am

Markets

Gold slips

NEW YORK: Gold prices fell on Tuesday as investors positioned for a period of high interest rates in the United...

Published 31 Aug, 2022 05:50am

Markets

US MIDDAY: Gold climbs

NEW YORK: Gold prices climbed over 1% to hit a fresh one-month peak on Thursday, underpinned by a retreat in the...

Published 05 Aug, 2022 06:27am

Markets

Gold attempts rebound as dollar stalls ascent

LONDON: Gold rose on Thursday as a pause in the dollar’s rally encouraged some investors to snap up bargains after...

Published 08 Jul, 2022 05:36am

Markets

Gold slips 1% as solid jobs data spurs rate hike bets

Gold prices fell on Friday, pressured by a stronger dollar and as better-than-expected U.S. jobs data raised ...

Published 04 Jun, 2022 12:28am

Markets

Palladium extends gains

NEW YORK: Palladium prices hit a more than two-week high on Monday on supply concerns following a recent suspension...

Published 12 Apr, 2022 05:17am

Markets

Gold eases as yields, dollar climb after US jobs data

NEW YORK: Gold prices slipped on Friday, pressured by a firmer dollar and higher U.S. Treasury yields as upbeat U.S....

Published 05 Feb, 2022 05:47am

Markets

Gold gains as weaker dollar, Ukraine tensions boost appeal

Gold prices extended gains for a second session on Tuesday as the U.S. dollar retreated and ongoing tensions over...

Published 01 Feb, 2022 11:05pm

Markets

Gold falls 1pc on firm dollar as Fed verdict looms; palladium rallies

Gold fell 1pc on Wednesday as the dollar firmed with investors awaiting the U.S. Federal Reserve's decision on...

Published 26 Jan, 2022 10:58pm

Markets

Gold rises as inflation unease boosts appeal

NEW YORK: Gold prices bounced on Wednesday as inflation worries pushed investors to the safe-haven metal, unfazed by...

Published 18 Nov, 2021 03:58am

Markets

Gold turns sharply higher after US inflation data

LONDON: Gold prices reversed course to trade up nearly 1% on Wednesday after data showing U.S. consumer prices...

Published 11 Nov, 2021 05:20am

Markets

US MIDDAY: Gold leaps to 5-month peak

NEW YORK: Gold led a rally in precious metals on Wednesday, rising as much as 2% to a five-month high as a surge in...

Published 11 Nov, 2021 05:20am

Markets

US MIDDAY: Gold prices gain as inflation concerns grow

NEW YORK: Gold prices rose on Tuesday, as rising inflation fears dulled risk appetite and boosted demand for the...

Published 13 Oct, 2021 04:47am

Markets

Gold slips off $1,800 pivot, investors seek direction from Fed

Gold retreated below the key $1,800 level on Wednesday, hit by a bout of technical selling after it failed to hold...

Published 15 Sep, 2021 11:58pm

Markets

Gold up as dollar dips and Fed's Powell calms rate-hike fear

The softer dollar, down 0.1pc, reduced gold's cost for holders of other currencies. Markets broadly shrugged off U.S. PMI data showing factory activity at a record high in June.

Published 23 Jun, 2021 11:27pm

Markets

Gold heads for worst week in over a year after Fed blow

Spot gold edged 0.1pc lower to $1,770.96 per ounce by 1:51 pm EDT (1751 GMT), stalling an initial uptick on some bargain buying.

Updated 19 Jun, 2021 01:26am

Markets

Gold range-bound as market awaits U.S. inflation cues

Gold is considered a hedge against inflation likely spurred by large stimulus from central banks and governments around the world.

Published 09 Jun, 2021 11:12pm

Markets

Gold flirts with $1,900 again in NY

NEW YORK: Gold reversed course and turned positive early in New York on Friday, briefly popping above the key $1,900...

Published 29 May, 2021 03:59am

Markets

Gold flirts with $1,900 again after U.S. inflation ticks up

U.S. consumer prices accelerated in the year to April, with a measure of underlying inflation blowing past the Federal Reserve's 2pc target.

Published 28 May, 2021 10:21pm

Markets

Gold eases in NY

NEW YORK: Gold prices inched lower in early trade on Friday as the dollar rebounded after robust US manufacturing...

Published 22 May, 2021 04:05am

Markets

Gold jumps in European trade

AMSTERDAM: Gold prices jumped more than 1% on Monday, pulling along other precious metals with it, supported by a...

Published 04 May, 2021 04:26am

Markets

US MIDDAY: Gold rises

NEW YORK: Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as ...

Published 04 May, 2021 04:26am

Markets

Gold falls in NY

NEW YORK: Gold fell on Wednesday as an uptick in US Treasury yields weighed on the non-yielding bullion’s appeal,...

Published 15 Apr, 2021 03:22am

Markets

Gold slips on buoyant bond yields; set for weekly gain

Spot gold was 0.7pc lower at $1,744.07 per ounce by 1:44 p.m. EDT (1744 GMT), having hit its highest price since March 1 at $1,758.45 on Thursday.

Updated 10 Apr, 2021 12:11am

Markets

Gold rises on softer dollar, but set for worst quarter in over 4 years

Gold is down over 9pc for the quarter and is on track for its worst quarterly performance since end-December 2016.

Updated 01 Apr, 2021 12:01am

Markets

Gold prices edge higher in Europe

LONDON: Gold prices edged up slightly on Friday but a stronger dollar and a rise in US Treasury yields still put the...

Published 27 Mar, 2021 05:41am

Markets

Gold slips in European trade

ROTTERDAM/LONDON: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields,...

Published 24 Mar, 2021 05:10am

Markets

US MIDDAY: Gold dips

NEW YORK: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of...

Published 24 Mar, 2021 05:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 29	278.37
USD PKR Interbank Buying / May 29	278.16
USD to Japanese Yen / May 29	157.06
USD to Swiss Franc / May 29	0.91
Pound Sterling to USD / May 29	1.28
Euro to USD / May 29	1.09

Stock	Volume
S&P 500 / May 28	5306.04
Nasdaq / May 28	17019.88
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87
France CAC40 / May 28	8057.80
India Sensex / May 29	74732.81
Tokyo Nikkei / May 29	38556.87

Item	Value
Petrol/Litre / May 29	273.10
Crude Oil USD/Barrel / May 29	80.19
Karachi Cotton PKR/37.32 KG / May 29	19935
Gold 10 Grams PKR / May 29	208076
Gold Spot USD/Ounce / May 29	2355.13
Diesel/Litre / May 29	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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David Meger

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