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Dollar uptick stalls gold's Fed-inspired rally

Silver heads for first weekly gain in four
Platinum down more than 1%
Gold up 1.3% so far this week

Published 30 Jul, 2021 08:43pm

Markets

Gold slips, but still set for 4th weekly gain on dovish Fed

Dollar headed for a weekly rise.
Palladium eyes first weekly decline in four.
SPDR Gold Trust Holdings at two-month low.

Published 16 Jul, 2021 04:50pm

Markets

Gold shakes off losses to edge up after US CPI data

ECB keeps monetary policy unchanged.
US CPI rises 0.6% in May.
'Transitory' inflation may dim gold's demand, analyst says.

Published 10 Jun, 2021 08:29pm

Markets

Gold scales 3-1/2 month peak on subdued stocks, US yields

US Fed minutes due on Wed in focus.
US yields slips to lowest in nearly a week.
Platinum market will be undersupplied this year –WPIC.

Published 17 May, 2021 08:16pm

Markets

Gold inches up as US yields ease; palladium hovers below record peak

Dollar hovers close to a near two-week peak.
Palladium soared to a record high in the last session.

Published 05 May, 2021 08:19pm

Markets

Gold rises as US dollar, Treasury yields retreat

Investors await raft of US economic data this week.
Dollar eases off highest level in nearly two weeks.
Gold may test a support at $1,752/oz – technicals.

Published 03 May, 2021 08:45pm

Markets

Spot gold still targets $1,746

After breaking above $1,716 and a falling trendline, the metal pulled back towards this former resistance and the line.
A break below $1,716 could cause a fall to $1,691. On the daily chart, gold has broken a resistance at $1,724. It is poised to rise towards $1,769.

Published 06 Apr, 2021 10:43am

Markets

Gold slips as firmer dollar, recovery hopes dent appeal

Markets eye Biden's infrastructure spending plans on Wednesday.
Dollar firms near multi-month peak.
Palladium fell as much as 4.4% in the session.
Russia's Nornickel halts water inflow at two major mines.

Published 29 Mar, 2021 06:01pm

Markets

Gold subdued as dollar strength offsets Europe lockdown worries

Dollar hits fresh four-month high.
Silver drops to over two-week low.
European stocks slip in early trading.

Published 25 Mar, 2021 05:27pm

Markets

Gold eases as dollar, US Treasury yields rise

Palladium heads for best week since early November.
Gold up more than 0.5% this week.
Platinum drops to one-week low.

Published 19 Mar, 2021 09:26pm

Markets

Gold firms on dollar and US bond yield retreat

US bond yields dip from 14-month highs.
Palladium heads for best week since early November.
Gold up more than 0.8% this week.

Published 19 Mar, 2021 06:20pm

Markets

Asian gold demand rebounding as Swiss exports to India surge

Switzerland is the world's biggest gold refining centre and transit hub, while India and China are the two biggest gold consumers and Thailand is a regional trade hub.
One reason for the pick-up is a steady decline in gold prices from record highs last August. Most gold in Asia is sold as jewellery and buyers are put off by high prices.

Published 18 Mar, 2021 05:13pm

Markets

Gold dips 1pc as US dollar and yields regain footing

Silver heads for biggest weekly rise since mid-February.
Platinum on track to post largest weekly gain in four weeks.
Investors await US Federal Reserve meeting next week.

Published 12 Mar, 2021 05:47pm

Markets

Asia Gold-More takers as prices dip, Indian premiums rise

Chinese premiums rise to $8-$10/oz.
Higher buying activity in China, Singapore, Japan.
Dealers charged premiums of $6 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales taxes, compared with last week's premium of $5.

Published 12 Mar, 2021 05:45pm

Markets

Gold under pressure as US yields, dollar firm

European Central Bank policy meeting due on Thursday.
More platinum deficits loom after record 2020 undersupply – WPIC.
Platinum prices likely to reach $1,300/oz over 12 months – UBS.

Published 10 Mar, 2021 05:25pm

Markets

Gold falls 1pc as elevated US yields, strong dollar dull appeal

US 10-year yields hold near one-year peak.
US dollar hits 3-month peak.
SPDR gold holdings fell to 10-month low on Friday.

Updated 08 Mar, 2021 10:17pm

Markets

Gold retreats on elevated US yields, strong dollar

US 10-year yields hold near one-year peak.
US dollar hits 3-month peak.
SPDR gold holdings fell to 10-month low on Friday.

Published 08 Mar, 2021 06:21pm

Markets

Gold holds near 9-month low as yields, dollar gain further

US jobs increased more than expected in February.
US 10-year yield rises to 1.625%.
Gold down 2% so far this week.
Silver on track for worst week since late November.

Published 05 Mar, 2021 09:56pm

Markets

Gold ekes out gains as markets await Powell speech

Powell to address WSJ conference at 1705 GMT.
US weekly jobless claims rise less than expected.
Gold fell to its lowest since June 2020 on Wednesday.

Updated 04 Mar, 2021 09:52pm

Markets

Gold rises as easing bond yields offset firm dollar

Powell's comments at virtual Jobs Summit awaited.
US Senate delays debate on $1.9 trillion stimulus bill.
Spot gold was up 0.5% at $1,719.67 per ounce.

Published 04 Mar, 2021 07:37pm

Markets

Gold slides 1.5pc as rising bond yields, dollar dim appeal

US Senate to debate $1.9 trillion stimulus package this week.
Silver, platinum slip more than 2%.
Gold fell to its lowest since June 15 on Tuesday.

Published 03 Mar, 2021 09:02pm

Markets

Gold rebounds on US stimulus, softer yields

For gold, $1,760-$1,765 level a key hurdle –analyst.
Specs cut bullish positions in gold, silver –CFTC.

Published 01 Mar, 2021 05:48pm

Markets

Gold slumps as rising US yields, dollar dull lustre

Gold down over 6% for the month.
US consumer spending rebounds in January.
Silver set for first monthly fall in three.
Palladium, platinum set for monthly gain.

Published 26 Feb, 2021 09:23pm

Business & Finance

Newmont quarterly profit doubles as gold prices shine

he miner said averaged realized gold price jumped 25% to $1,852 per ounce in the quarter, while attributable gold production fell about 11% to 1.6 million ounces.
The company cited the sale of Red Lake and Kalgoorlie, and lower production at Cerro Negro for the drop in production.

Published 18 Feb, 2021 06:13pm

Markets

Gold falls to over 2-month low on rising yields, dollar

US gold futures fell 1.3% to $1,776.40.
Growing optimism for a $1.9 trillion US stimulus plan and rising inflation expectations supported benchmark Treasury yields, which in turn pushed the dollar to a more than one-week peak.

Published 17 Feb, 2021 09:11pm

Markets

Gold steadies as dollar pauses; platinum set for over 10pc weekly gain

Platinum likely to see some consolidation – analyst.
Dollar set for its biggest weekly fall in eight weeks.
Silver to benefit from industrial demand recovery – analysts.

Published 12 Feb, 2021 09:54pm

Markets

Russia's Polyus Q4 gold sales up 18pc y/y

Gold sales in the fourth quarter of 2020 were at $1.5 billion, up 18% year-on-year;
Polyus plans to produce 2.7 million ounces of gold in 2021 compared with 2.8 million ounces in 2020.

Published 28 Jan, 2021 06:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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