Trends - Goldman - Business Recorder

Goldman

Goldman to cut thousands of staff as Wall Street layoffs intensify

NEW YORK: Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic...

Published 17 Dec, 2022 06:57am

Opinion

US wants more oil, but OPEC+ can’t turn on the tap much harder

US pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new ...

Published 24 Nov, 2021 05:18am

Markets

US MIDDAY: Gold holds near multi-month high

NEW YORK: Gold eased on Monday as the dollar firmed, but renewed bets that the US Federal Reserve may go slow on...

Published 07 Sep, 2021 06:25am

Markets

US MIDDAY: Gold slides to 11-week low

NEW YORK: Gold fell to its lowest since mid-April on Tuesday as the dollar strengthened in the run-up to this week's...

Published 30 Jun, 2021 03:54am

Markets

Gold prices hover near 5-month highs as US yields retreat

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell to 1,041.75 tonnes on Wednesday from 1,045.83 tonnes on Tuesday.

Published 03 Jun, 2021 11:56am

Markets

Goldman Sachs obtains China license for asset management venture

NEW YORK: Goldman Sachs said Tuesday it won preliminary approval from Chinese regulators for a wealth management...

Published 26 May, 2021 03:45am

Markets

Gold hovers near more than 1-month high as bond yields slip

Gold tends to benefit from widespread stimulus measures from central banks because it is widely viewed as a hedge against inflation.

Published 16 Apr, 2021 11:20am

Markets

Oil steady near one-month highs as IEA, OPEC raise forecasts

"We see robust stock draws even after factoring in bearish risks as refinery runs are set to rise sharply in the coming months," Citi Research analysts said in a note.

Published 15 Apr, 2021 11:26am

Markets

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

HONG KONG: China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its...

Published 12 Apr, 2021 03:59am

Markets

Gold faces headwinds from strong China factory data

The International Monetary Fund will raise its forecast for global economic growth in 2021 and 2022 after last year's 3.5% contraction, IMF Managing Director Kristalina Georgieva said on Tuesday.

Published 31 Mar, 2021 11:52am

Markets

Firm dollar, equities put gold under pressure

Hedge funds and money managers raised their bullish positions in COMEX gold and cut them in silver contracts in the week to March 23, the US Commodity Futures Trading Commission (CFTC) said on Friday.

Published 29 Mar, 2021 10:58am

Business & Finance

Goldman sold $10.5bn of stocks in block-trade spree

NEW YORK: Goldman Sachs Group Inc liquidated $10.5 billion worth of stocks in block trades as part of a selling ...

Updated 28 Mar, 2021 10:52am

Business & Finance

Goldman sees immediate lira risk after Turkish central bank ouster

ISTANBUL: President Tayyip Erdogan’s ousting of Turkey’s hawkish central bank chief sharply raises prospects of...

Updated 22 Mar, 2021 09:43am

Markets

US MIDDAY: Gold eases

NEW YORK: Gold prices fell on Wednesday, weakened by elevated US bond yields and a firmer dollar, as markets turned...

Published 18 Mar, 2021 03:56am

Markets

Gold holds below 2-week high as investors await Fed decision

Palladium jumped about 5% and scaled to a one-year high of $2,520.31 in the preceding session.

Published 17 Mar, 2021 11:35am

Markets

Gold steadies in Europe

ROTTERDAM/LONDON: Gold steadied on Tuesday as investors awaited policy cues from a two-day US Federal Reserve...

Published 17 Mar, 2021 04:45am

Markets

Spot gold may test resistance at $1,746

A dotted trendline suggests a lower target around $1,750.

Published 15 Mar, 2021 11:05am

Markets

Spot gold may test support at $1,669

Regardless of its ending point, this wave may be disrupted by a strong bounce around $1,651.

Published 09 Mar, 2021 10:21am

Markets

Spot gold may bounce into $1,761-$1,783 range

On the daily chart, gold has found a support at $1,724. It is bouncing towards $1,769.

Published 01 Mar, 2021 10:14am

Markets

Spot gold to test resistance at $1,801

This $1,869 level is pivotal in deciding how far the wave C could travel. A break below it could confirm the extension of this wave towards $1,651.

Published 22 Feb, 2021 10:17am

Markets

Gold off 2-1/2-month low as US Treasury yields retreat

Analysts also said that the recent technical event of gold's 50-day moving average price dipping below the 200-day moving average, known as death cross, could lead to more selling.

Published 18 Feb, 2021 02:44pm

Business & Finance

Goldman, other financial firms add China staff, eyeing growth

HONG KONG: Global financial firms including Goldman Sachs, BlackRock and Fidelity International are poised to add...

Published 15 Feb, 2021 04:53am

Markets

Spot gold may fall to $1,818

A downward wave C could have resumed, which is expected to travel below $1,783. A break above $1,853 could lead to a gain to $1,875.

Published 11 Feb, 2021 10:13am

Markets

Spot gold may test support at $1,801

The bounce on Feb. 5 is classified as a pullback towards $1,805. Eventually, the metal may break this level and fall to $1,769.

Published 08 Feb, 2021 10:27am

Markets

Gold may get China, India physical demand boost as ETF spike fades: Russell

Jewellery demand in China was smacked down 35% to 415.6 tonnes in 2020, while in India it slumped 42% to 315.9 tonnes.

Published 04 Feb, 2021 11:47am

Markets

Shanghai copper hits 8-week low on demand woes ahead of China holiday

China will celebrate its Lunar New Year holiday during Feb. 11-17, when metals demand usually dip as business activities slow.

Published 03 Feb, 2021 12:07pm

Markets

Zinc hits over 2-month low on higher inventories, weak Chinese demand

Cash zinc on the LME has been trading at a discount to the three-month contract since June 2020, indicating abundant nearby supplies.

Published 27 Jan, 2021 01:03pm

Markets

LME copper may retest resistance $8,098 this week

A break below $7,910 could cause a fall into $7,729-$7,820 range.

Published 25 Jan, 2021 12:22pm

Markets

US oil may retest resistance at $52.69

A retracement analysis reveals a resistance at $52.69 which stopped the first round of the rally.

Published 25 Jan, 2021 10:26am

Markets

Spot gold may retest support at $1,840

The metal is poised to fall towards $1,805, the 50% level of a wave C from $1,959.

Published 25 Jan, 2021 10:15am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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