Trends - gold production - Business Recorder

gold production

Gold's woes mount as dollar, yields rally on Fed taper bets

Focus shifts to US CPI data due on Wednesday
Silver rebounds from an eight-month low hit on Monday
Surging COVID-19 cases could prevent Fed's tapering: analyst

Published 10 Aug, 2021 08:05pm

Markets

Gold dips as wary investors turn to the dollar ahead of US inflation data

Dollar index up 0.1%.
US CPI data due on Tuesday.
Safe-haven seekers not concerned about Delta variant –analyst.

Published 12 Jul, 2021 07:53pm

Markets

Gold drops to over one-week low as firmer dollar dents appeal

Investors await US jobs data due on Friday.
Progress made on inflation goal, says Fed's Barkin.
Difficult to make a strong bullish case for gold- analyst.

Published 29 Jun, 2021 06:20pm

Markets

Gold stuck in tight range on mixed signals from Fed officials

Dollar index rises 0.1%.
Higher inflation will be temporary - Fed official.
Gold prices will consolidate in short term – analyst.

Published 28 Jun, 2021 11:53am

Markets

Gold firms as Powell dials back rate hike rhetoric

Fed won't raise rates on fear of inflation – Powell.
PMIs show growth in Europe.

Published 23 Jun, 2021 06:24pm

Markets

Gold stalls for policy clues from Fed's Powell

SPDR Gold Trust holdings fell 0.3% on Monday.
Powell testimony before Congress due at 1800 GMT.

Published 22 Jun, 2021 05:22pm

Markets

Gold stages rebound as US yields, dollar slips

US 10-year yields drop to four-month low.
Fed Chair Powell speaks to Congress on Tuesday.
Palladium rises more than 1%.

Published 21 Jun, 2021 08:35pm

Markets

Gold stages rebound as US yields, dollar slips

US 10-year yields drop to four-month low.
Fed Chair Powell speaks to Congress on Tuesday.
Palladium rises more than 1%.

Published 21 Jun, 2021 05:29pm

Markets

Gold regains some ground, but set for worst week in 9 months

Dollar heads for best week in 9 months.
Gold uptick likely temporary given dollar strength –analyst.
Silver, platinum and palladium also recover.

Published 18 Jun, 2021 06:44pm

Markets

Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms

Fed likely to keep flexibility on tapering at meeting – MS.
Dollar firms near one-week peak.
Specs reduce gold bullish positions in week ended June 8- CFTC.

Published 14 Jun, 2021 06:26pm

Markets

Asia Gold-Indian jewellers lift shutters; discounts prevail in top hubs

China discounts at $7-$12/oz vs last week's $20-$50.
Japanese prices between $0.30 discount to $0.50 premium.

Published 11 Jun, 2021 07:18pm

Markets

Gold eases as dollar firms on bets for 'transitory' inflation

Gold slips below $1,900/oz mark.
US CPI rises 0.6% in May.
Palladium on track for a weekly decline.

Published 11 Jun, 2021 06:37pm

Markets

Gold slips on dollar strength, caution ahead of US CPI data

ECB keeps policy unchanged.
Gold hits one-week low at $1,875.89/oz.

Published 10 Jun, 2021 06:22pm

Markets

Gold falls on stronger dollar ahead of US inflation data

Focus on US inflation data, ECB policy meet on Thursday.
SPDR Gold Trust ETF holdings fall 0.6% on Monday.

Published 08 Jun, 2021 07:59pm

Markets

Gold extends fall as dollar firms on lower US jobless claims

US weekly jobless claims drop below 400,000.
US economic recovery accelerated in recent weeks – Fed.
Gold could slip over next 6-12 months – analyst.

Published 03 Jun, 2021 07:40pm

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 steadies as inflation fears, dollar dip counter 'taper' talk

Dollar drifts lower as Fed-fuelled bounce fades.
Platinum jumps nearly 1% to $1,201.30 per ounce.

Published 20 May, 2021 08:27pm

Markets

Gold hits over 3-month high on lower US bond yields

US Fed minutes due on Wed in focus.
Silver hits one-week high.

Published 17 May, 2021 06:43pm

Markets

Gold slips on firm yields, dollar ahead of US inflation data

US 10-year Treasury yields hit over 1-week high.
US consumer price data due at 1230 GMT.
Silver below multi-month highs hit early this week.

Published 12 May, 2021 05:42pm

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

Gold eyes best week in 6 months on lower dollar, Treasury yields

US April jobs data due at 8:30 am EST.
Silver eyes best week in three months.
Spot gold may test resistance at $1,830/oz.

Published 07 May, 2021 05:34pm

Markets

Asia Gold-Demand plunges in pandemic-battered India

Indian jewellers have also stopped making purchases- dealer.
India discounts widen to $3/oz versus $2/oz last week.
China, Japan return from holidays, but demand muted.
Hong Kong premiums at $0.8-$1.8/oz, Singapore at $1.5-$2.0.

Published 07 May, 2021 05:29pm

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 steadies on firm dollar; palladium hovers near record

Dollar hovers close to a near two-week peak.
Palladium soared to a record high in the last session.
Silver, platinum below more than two-month highs hit on Tuesday.

Published 05 May, 2021 05:52pm

Business & Finance

Barrick Gold profit beats expectations as copper, gold prices surge

Barrick's first-quarter gold production fell to 1.10 million from 1.25 million ounces due partly to lower grades at its Pueblo Viejo mine in Dominican Republic.
Adjusted profit rose 78% to $507 million in the quarter ended March 31, from $285 million a year earlier, and Barrick announced a 9 cent per share quarterly dividend.

Published 05 May, 2021 05:42pm

Markets

Gold retreats as US yields rise; eyes on US GDP data

US Q1 GDP data due at 1230 GMT.
Fed's Powell quashes tapering talk.
Palladium scales all-time peak of $2,963.07/oz.

Published 29 Apr, 2021 05:58pm

Markets

Gold eases as investors await Fed's policy decision

US Fed policy statement due 1800 GMT.
Gold hits near two-week low of $1,762/oz.
Palladium off record highs hit on Tuesday.

Published 28 Apr, 2021 09:09pm

Markets

Gold steadies ahead of Fed meeting; palladium extends record run

Dollar index steadies near multi-week low.
Two-day Fed meeting to begin on Tuesday.

Published 26 Apr, 2021 08:37pm

Markets

Gold eases, palladium holds near record peak

U.S. dollar firms, yields hold narrow range.
Downside in gold could be short-lived- analyst.
Swiss gold March exports at 10-month high on shipments to India.

Published 22 Apr, 2021 08:30pm

Markets

Gold firms as US yields, dollar pause

Yields in narrow range as investors await economic signals.
Dollar steadies near weakest in about seven weeks.
Spot gold may slide into $1,744-$1,758/oz range – technicals.

Published 20 Apr, 2021 07:41pm

Gainers
Losers
Leaders

Stock	Price
Pace (Pak) Ltd. / Aug 11 Pace (Pakistan) Limited(PACE)	3.45 ▲ 0.44 (14.62%)
Saritow Spinning / Aug 11 Saritow Spinning Mills Limited(SSML)	8.20 ▲ 0.70 (9.33%)
Bal. Wheel / Aug 11 Baluchistan Wheels Limited(BWHL)	73.10 ▲ 5.10 (7.50%)
IbrahimFibres / Aug 11 Ibrahim Fibres Limited(IBFL)	196.45 ▲ 13.70 (7.50%)
Hussain Industries / Aug 11 Husein Industries Limited(HUSI)	24.25 ▲ 1.68 (7.44%)
AKD Securities / Aug 11 AKD Securities Limited(AKDSL)	37.00 ▲ 2.49 (7.22%)
Pervez Ahmed Co / Aug 11 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.92 ▲ 0.06 (6.98%)
Punjab Oil / Aug 11 Punjab Oil Mills Limited(POML)	184.00 ▲ 11.10 (6.42%)
Pak Datacom / Aug 11 Pak Datacom Limited(PAKD)	56.02 ▲ 3.36 (6.38%)
Balochistan Glass / Aug 11 Balochistan Glass Limited(BGL)	10.45 ▲ 0.61 (6.20%)

Stock	Price
Aruj Industries / Aug 11 Aruj Industries Limited(ARUJ)	11.81 ▲ -0.99 (-7.73%)
Supernet Ltd. / Aug 11 Supernet Limited(GEMSPNL)	13.15 ▲ -1.05 (-7.39%)
Sapphire Textile / Aug 11 Sapphire Textile Mills Limited(SAPT)	876.00 ▲ -68.00 (-7.20%)
Al-Khair Gadoon / Aug 11 Al-Khair Gadoon Limited(AKGL)	39.00 ▲ -3.00 (-7.14%)
Gatron Ind. / Aug 11 Gatron (Industries) Limited(GATI)	361.10 ▲ -26.40 (-6.81%)
IGI Life Ins / Aug 11 IGI Life Insurance Limited(IGIL)	21.15 ▲ -1.54 (-6.79%)
Waves Home Appliances / Aug 11 Waves Home Appliances Limited(WHALE)	14.50 ▲ -0.77 (-5.04%)
Elite Cap.Mod / Aug 11 First Elite Capital Modaraba(FECM)	2.85 ▲ -0.14 (-4.68%)
Unicap Modaraba / Aug 11 Unicap Modaraba(UCAPM)	1.50 ▲ -0.07 (-4.46%)
PICIC Ins.Ltd. / Aug 11 PICIC Insurance Limited(PIL)	0.90 ▲ -0.04 (-4.26%)

Stock	Volume
K-Electric Ltd. / Aug 11 K-Electric Limited(KEL)	15,194,500 ▼ 0.00
Unity Foods Ltd / Aug 11 Unity Foods Limited(UNITY)	11,749,980 ▼ 0.00
Ghani Glo Hol / Aug 11 Ghani Global Holdings Limited(GGL)	6,796,656 ▼ 0.00
Cnergyico PK / Aug 11 Cnergyico PK Limited(CNERGY)	6,683,717 ▼ 0.00
Balochistan Glass / Aug 11 Balochistan Glass Limited(BGL)	5,909,500 ▼ 0.00
Fauji Foods Ltd / Aug 11 Fauji Foods Limited(FFL)	5,717,067 ▼ 0.00
Pace (Pak) Ltd. / Aug 11 Pace (Pakistan) Limited(PACE)	5,445,500 ▼ 0.00
WorldCall Telecom / Aug 11 Worldcall Telecom Limited(WTL)	4,579,500 ▼ 0.00
TPL Properties / Aug 11 TPL Properties Limited(TPLP)	4,400,045 ▼ 0.00
Engro Polymer / Aug 11 Engro Polymer & Chemicals Limited(EPCL)	4,152,476 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 10	222.50
USD PKR Interbank Buying / Aug 10	221.50
USD to Japanese Yen / Aug 10	132.86
USD to Swiss Franc / Aug 10	0.94
Pound Sterling to USD / Aug 10	1.22
Euro to USD / Aug 10	1.03
UK LIBOR % / Aug 10	2.32

Stock	Volume
S&P 500 / Aug 10	4210.24
India Sensex / Aug 10	58817.29
Tokyo Nikkei / Aug 10	27819.33
Nasdaq / Aug 10	12854.80
Hang Seng / Aug 10	19610.84
FTSE 100 / Aug 10	7507.11
Dow Jones / Aug 10	33309.51
Germany DAX 30 / Aug 10	13700.93
France CAC40 / Aug 10	6523.44

Item	Value
Crude Oil USD/Barrel / Aug 10	91.33
Karachi Cotton PKR/37.32 KG / Aug 10	17235.00
Gold 10 Grams PKR / Aug 10	128500.00
Gold Spot USD/Ounce / Aug 10	1790.68
Cotton US¢/pound / Aug 10	100.94

gold production

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