Trends - Spot gold - Business Recorder

Spot gold

Silver drops from 8-year peak as stellar rally loses steam

"It's just wild market behaviour with a low level of predictability. So, even fundamentals and technicals almost go out of the window," Rodda said.

Published 02 Feb, 2021 01:08pm

Markets

Spot gold may retest support at $1,840

A break above $1,875 could signal an extension of the uptrend towards $1,902, the 61.8% retracement of the downtrend from $1,959.01 to $1,809.90.

Published 02 Feb, 2021 10:03am

Markets

Gold demand eases in China ahead new year

BEIJING: Physical gold demand eased in top consumer China this week as coronavirus-led restrictions dampened retail...

Published 02 Feb, 2021 04:29am

Markets

Spot gold may retest support at $1,840

Signals on the hourly chart suggests a downside bias.

Published 01 Feb, 2021 12:27pm

Markets

Spot gold target of $1,818 intact

A drop below the Jan. 27 low of $1,830.80 could confirm a break below the support and a target of $1,805.

Published 29 Jan, 2021 10:40am

Markets

Gold on course for monthly decline as dollar firms

Silver dropped 0.6% to $26.21 an ounce, having gained 4.5% on Thursday after some traders moved to cover short positions on rumours about a GameStop-style squeeze driven by retail investors.

Published 29 Jan, 2021 10:36am

Markets

India's gold demand to rebound in 2021 as economy expands

"We will see a sharp rise in investment demand. Amid low interest rates and higher stock prices, people are looking at gold to diversify their investments," he added.

Published 28 Jan, 2021 11:18am

Markets

Spot gold may fall to $1,818

The support is identified as the 23.6% projection level of a downward wave C from $1,874.86. This wave is capable of travelling to $1,783.

Published 28 Jan, 2021 10:04am

Markets

Gold falls as safe-haven appeal shifts to dollar

Silver lost 0.7% to $25.05 an ounce and platinum fell 0.3% to $1,062.48.

Published 28 Jan, 2021 10:02am

Markets

Gold slips in Europe

LONDON/ROTTERDAM: Gold prices slipped in European trade on Wednesday as the dollar climbed, with investors’ ...

Published 28 Jan, 2021 04:40am

Markets

Gold range-bound as focus shifts to Fed policy decision

Lending some support to gold were worries over a surge in global coronavirus cases, which surpassed 100 million, as countries struggle with vaccine shortfalls.

Published 27 Jan, 2021 01:18pm

Markets

Spot gold may fall to $1,818

This support is almost identical to $1,840 (hourly chart). A break could open the way towards $1,805.

Published 27 Jan, 2021 10:01am

Markets

Gold steady ahead of US Fed policy decision

Spot gold was little changed at $1,849.76 per ounce by 0031 GMT. US gold futures eased 0.1% to $1,848.60.

Published 27 Jan, 2021 09:44am

Markets

Spot gold may retest support at $1,840

A projection analysis reveals a support at $1,840, the 23.6% level, which triggered a moderate bounce.

Published 26 Jan, 2021 10:16am

Markets

Gold inches lower on firmer dollar, US stimulus worries

The US Federal Reserve's two-day policy meeting is scheduled to begin later in the day.

Published 26 Jan, 2021 10:13am

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

Markets

Gold rises as US stimulus hopes bolster appeal

The US Federal Reserve policy meeting is due on Jan. 26-27.

Published 25 Jan, 2021 10:11am

Markets

Gold prices down in Europe

LONDON: Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a...

Published 23 Jan, 2021 03:56am

Markets

Spot gold may fall into $1,832-$1,845 range

It is still too early to conclude that the downtrend from $1,959.01 has resumed, even though it may eventually extend to $1,769.

Published 22 Jan, 2021 11:08am

Markets

US MIDDAY: Gold slips

NEW YORK: Gold prices eased from a two-week high on Thursday as investors booked some profit following a rally in ...

Published 22 Jan, 2021 04:47am

Markets

Spot gold may test resistance at $1,884

Gold has cleared a lower resistance at $1,867. It is heading towards the $1,884-$1,902 range.

Published 21 Jan, 2021 08:51am

Markets

Gold rises

NEW YORK: Gold rose more than 1% on Wednesday on expectations that US President Joe Biden’s administration would...

Published 21 Jan, 2021 04:23am

Markets

Gold moves up

NEW YORK: Gold held on to gains in New York trade on Tuesday as the dollar remained under pressure, with prospects...

Published 20 Jan, 2021 04:29am

Markets

Spot gold may rise to $1,862

Another retracement analysis on the fall from $1,959.01 to $1,809.90 reveals a support at $1,832, the 14.6% level, a break below may cause a fall to $1,820.

Published 19 Jan, 2021 10:52am

Markets

Spot gold may retest support at $1,810

The low at $1,764.29 may be revisited either this week or next week. A break above $1,839 could lead to a gain to $1,862. On the daily chart, gold is riding on a wave C from $1,959.01.

Published 18 Jan, 2021 11:08am

Markets

Spot gold neutral in $1,833-$1,861 range

The failures suggest the completion of a bounce from the Jan. 11 low of $1,816.53.

Published 15 Jan, 2021 10:42am

Markets

Spot gold may fall into $1,797-$1,819 range

The metal may revisit the low of $1,774.79 over the next one or two weeks.

Published 14 Jan, 2021 11:20am

Markets

Gold rises on inflation bets ahead of Biden unveiling stimulus

Gold is considered a hedge against inflation.

Published 14 Jan, 2021 09:19am

Markets

Spot gold may retreat towards $1,833

The fall from $1,959.01 is so deep that it is classified as a continuation of the preceding downtrend from the Aug. 7, 2020 high of $2,072.50.

Published 13 Jan, 2021 09:46am

Markets

Spot gold may bounce into $1,861-$1,869 range before falling

A break above $1,869 could lead to a gain to $1,883. On the daily chart, the fall from the Jan. 6 high of $1,959.01 looks deep enough to suggest a resumption on the downtrend from $2,072.50.

Published 12 Jan, 2021 01:10pm

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	158.33
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 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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