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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,704
724hr
Pakistan Cases
1,283,886
41124hr
0.92% positivity
Sindh
475,097
Punjab
442,876
Balochistan
33,471
Islamabad
107,601
KPK
179,888

gold market

Gold on back foot ahead of Biden's US stimulus plan
Markets

Gold on back foot ahead of Biden's US stimulus plan

  • Spot gold was 0.2% lower at $1,840.40 per ounce.
  • Optimism over a report that Biden could launch a $2 trillion aid package for coronavirus relief pushed benchmark 10-year Treasury yields towards a 10-month high.
Published 14 Jan, 2021 07:49pm
Gold-backed ETFs end record 2020 with second month of outflows
Markets

Gold-backed ETFs end record 2020 with second month of outflows

  • Gold is traditionally used as a safe store of wealth, and investors rushed to hoard it as the pandemic swept through the global economy.
  • ETFs grew their holdings by 876 tonnes in 2020 - equivalent to around a quarter of the annual output of the world's gold mines.
Published 13 Jan, 2021 07:26pm