Trends - Spot gold - Business Recorder

Spot gold

Gold eases as dollar firms ahead of US data, ECB meeting

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.6% to 1,043.16 tonnes on Wednesday from 1,037.33 tonnes on Tuesday.

Published 10 Jun, 2021 11:09am

Markets

Gold range-bound as market awaits U.S. inflation cues

Gold is considered a hedge against inflation likely spurred by large stimulus from central banks and governments around the world.

Published 09 Jun, 2021 11:12pm

Markets

Spot gold may retreat into $1,864-$1,877 range

The failures indicate an extension of the correction from the June 1 high of $1,916.40. Three waves make up the correction. The third wave labelled c is unfolding.

Published 09 Jun, 2021 12:22pm

Markets

Gold firms on lower bond yields; US data, ECB meet in focus

A global equity benchmark and two key European stock indexes touched new highs on Tuesday.

Published 09 Jun, 2021 12:19pm

Markets

Gold prices dip in Asia

SINGAPORE: Gold prices dipped in Asian trade on Monday, as an uptick in the dollar dimmed the appeal of the...

Published 08 Jun, 2021 04:09am

Markets

Gold steadies in European trade

AMSTERDAM/LONDON: Gold steadied in a narrow range on Monday, as investors awaited US inflation data and clarity on...

Published 08 Jun, 2021 04:09am

Markets

US MIDDAY: Gold gains

NEW YORK: Gold held on to gains as the dollar slid on Monday, with investors awaiting US inflation data later this...

Published 08 Jun, 2021 04:09am

Markets

Spot gold may retreat into $1,864-$1,877 range

A break above $1,898 could lead to a gain into $1,911-$1,919 range.

Published 07 Jun, 2021 11:30am

Markets

Gold rebounds in European trade

AMSTERDAM/LONDON: Gold rebounded from a more than two-week low on Friday after a rise in US non-farm payrolls fell...

Published 05 Jun, 2021 04:08am

Markets

Gold rebounds as U.S. non-farm payrolls misses expectations

The dollar index eased from a three-week high, making gold more affordable for holders of other currencies, while benchmark 10-year yields also moved lower.

Published 04 Jun, 2021 11:42pm

Markets

Spot gold may rise into $1,886-$1,898 range

A break below $1,853 may cause a fall limited to $1,843.

Published 04 Jun, 2021 10:52am

Markets

Gold slides over 2pc as strong U.S. data bolsters Fed taper bets

Spot gold was down 1.9pc at $1,871.91 per ounce by 1:43 p.m. EDT (1743 GMT), after falling to its lowest level since May 20 at $1,864.39.

Updated 03 Jun, 2021 11:21pm

Markets

Spot gold's target range of $1,932-$1,953 intact

Up till now, a pullback towards a falling trendline has not occurred. The occurrence may be near $1,959.

Published 03 Jun, 2021 12:04pm

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

US midday: Gold edges higher

NEW YORK: Gold prices rose on Wednesday, hovering below a near five-month peak hit the previous session, as US...

Published 03 Jun, 2021 04:13am

Markets

Gold prices dip in Asia

SINGAPORE: Gold prices dipped in Asian trade on Wednesday, as elevated Treasury yields and an uptick in risk ...

Published 03 Jun, 2021 04:13am

Markets

Gold rises in Europe

AMSTERDAM/LONDON: Gold prices rose in European trade on Wednesday, hovering below a near five-month peak hit in the...

Published 03 Jun, 2021 04:13am

Markets

Spot gold still targets $1,932-$1,953 range

The shallow correction on the hourly chart seems due to a resistance at $1,921, which works as the last barrier towards $1,959.

Published 02 Jun, 2021 12:02pm

Markets

US MIDDAY: Gold slips

NEW YORK: Gold slipped below a near five-month price peak hit earlier in Tuesday’s session, as robust US...

Published 02 Jun, 2021 04:29am

Markets

Gold tipped off 5-month peak by upbeat U.S. data, rising yields

Benchmark U.S. Treasury yields rose to a more than one-week high, increasing the opportunity cost of holding gold.

Published 01 Jun, 2021 11:22pm

Markets

Spot gold may rise into $1,932-$1,953 range

It is not very clear if the metal could break $1,921 in its current attempt.

Published 01 Jun, 2021 11:44am

Markets

Gold set for biggest monthly rise in 10 months

SINGAPORE: Gold firmed in Asian trade on Monday and was on course for its biggest monthly jump since July 2020, as...

Published 01 Jun, 2021 04:59am

Markets

Spot gold may test resistance at $1,919

This former resistance has turned into a strong support, which serves as a limit to a correction from the current level.

Published 31 May, 2021 11:33am

Markets

Gold stays above $1,900/oz after US inflation data lifts appeal

Physical gold demand in second-biggest bullion consumer India was negligible last week with most jewellery stores still shut by COVID-19 lockdowns, forcing dealers to offer steep discounts.

Published 31 May, 2021 11:30am

Markets

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 test resistance at $1,911

A condition is gold has to stay above a support at $1,886, as a break below could cause a fall into the range of $1,864 to $1,877.

Published 28 May, 2021 11:41am

Markets

Gold holds steady in NY

NEW YORK: Gold prices steadied below the key $1,900 an ounce level on Thursday as easing US Treasury yields offset...

Published 28 May, 2021 04:08am

Markets

Gold slips on robust U.S. data, rising yields

U.S. Treasury yields rose, translating into increased opportunity cost of holding non-yielding gold, on reports that President Joe Biden will announce on Friday a $6 trillion budget for 2022.

Published 27 May, 2021 10:26pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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