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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

Spot gold may retest resistance at $1,911

Support is at $1,886, a break below which could cause a fall into $1,864-$1,877 range. On the daily chart, gold seems to be rising towards the peak of a wave B at $1,959.01, as it has broken a falling trendline and a key resistance at $1,874.

Published 27 May, 2021 11:58am

Markets

Gold eases off 4-1/2-month peak as dollar, yields rebound

South Korea's central bank kept monetary policy unchanged on Thursday as a surge in coronavirus cases threatened an export-led economic recovery.

Published 27 May, 2021 11:55am

Markets

Gold near multi-month highs on weaker dollar

Dollar slides to 4-1/2 month low.
Potentially higher Chinese demand may support gold- analyst.
Markets await US GDP, jobs data.

Published 25 May, 2021 07:57pm

Markets

Gold edges higher on weaker dollar, lower U.S. yields

The dollar was down 0.2pc. U.S Treasury yields fell to the lowest in nearly two weeks, reducing the opportunity cost of holding non-interest paying bullion.

Published 24 May, 2021 11:04pm

Markets

Lockdowns cripple Indian gold market

NEW DELHI/MUMBAI: Widespread lockdowns coupled with a jump in domestic prices stifled the physical gold market in...

Published 23 May, 2021 03:06am

Markets

Gold heads for third weekly gain on tepid dollar, inflation worries

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.6% to 1,037.09 tonnes on Thursday.

Published 21 May, 2021 12:15pm

Markets

US MIDDAY: Gold gains

NEW YORK: Gold hovered on Thursday close to a more than four-month peak it scaled in the previous session, fuelled ...

Published 21 May, 2021 05:04am

Markets

Gold slips as dollar bounces before latest Fed minutes

Having risen for four sessions to its highest since Jan. 29 at $1,874.80 on Tuesday, spot gold fell 0.5% to $1,859.19 per ounce.
"I would say that part of the recent countermove or today's countermove is some profit taking, partly driven also by a small rebound of the US dollar."

Published 19 May, 2021 05:45pm

Markets

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

Markets

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

Markets

Gold gains

KARACHI: Gold prices on Friday showed some momentum on the local market, traders said. The yellow metal price grew...

Published 08 May, 2021 03:30am

Markets

Gold accelerates to best week in 6 months on dip in US jobs growth

US jobs growth slows sharply in April amid labor shortages.
Silver eyes best week in over three months.
Gold could make a run towards $1,857 level- analyst.
Physical demand wanes in India due to pandemic.

Published 07 May, 2021 08:28pm

Markets

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

Markets

US MIDDAY: Gold races past $1,800 mark

NEW YORK: Gold jumped over 1% on Thursday with a weaker dollar and easing Treasury yields propelling it over the key...

Published 07 May, 2021 04:35am

Markets

Gold races past $1,800/oz as bond yields, dollar retreat

Focus on Friday's US monthly jobs report.
Gold hits $1,815.80/oz, a high since Feb. 16.
Silver jumps over 3%.

Published 06 May, 2021 08:59pm

Markets

Gold gains as US dollar, bond yields pull back; BoE eyed

Dollar eases off two-week peak.
Palladium slips from record highs.

Published 06 May, 2021 05:20pm

Markets

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

Markets

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

Markets

US MIDDAY: Gold surges

NEW YORK: Gold firmed on Wednesday as the dollar and US Treasury yields eased, while palladium held near record ...

Published 06 May, 2021 03:49am

Markets

Gold rises in Europe

AMSTERDAM/LONDON: Gold prices inched higher on Wednesday as the US Treasury yield retreated from a session high,...

Published 06 May, 2021 03:49am

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Pakistan

Gold prices increase by Rs300 to Rs104,200 per tola

The gold price in the international market witnessed increase of $11 and was traded at $1776 against $1765.

Updated 29 Apr, 2021 11:52pm

Markets

Spot gold may test resistance at $1,792

The pullback may end above $1,773.

Published 29 Apr, 2021 11:24am

Markets

Analysts cut gold forecasts as economic growth recovers

BENGALURU: Analysts and traders have slashed their gold price forecasts, with many believing a return to last...

Published 28 Apr, 2021 03:18am

Markets

Palladium scales record peak, gold steadies in NY

NEW YORK: Deficit-stricken palladium scaled a record peak on Monday, while gold held steady as investors awaited...

Published 27 Apr, 2021 03:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Gold 10 Grams PKR / May 13	207733
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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