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Nov 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Bullion Rate

Gold steadies after steep sell-off, but bound for weekly drop
Bullion Rate

Gold steadies after steep sell-off, but bound for weekly drop

Gold steadies after steep sell-off, but bound for weekly drop Gold prices steadied on Friday after a sharp sell-off in the previous session, as traders digested rate-hike remarks from global central banks, but the metal was set for its first weekly drop in seven amid a strong dollar.
Published 03 Feb, 2023 10:07am
Spot gold signals mixed
Bullion Rate

Spot gold signals mixed

SINGAPORE: Signals are mixed for spot gold, as it is consolidating within a wedge. A target will be established when...
Published 07 Oct, 2022 10:45am
Spot gold signals mixed
Bullion Rate

Spot gold signals mixed

SINGAPORE: Signals are mixed for spot gold, as its recovery from the Thursday low of $1,702.80 looks exceptionally...
Published 09 Sep, 2022 10:40am
Spot gold targets $1,889
Bullion Rate

Spot gold targets $1,889

SINGAPORE: Spot gold may test a support at $1,915 per ounce, with a good chance of breaking below this level and...
Published 25 Apr, 2022 11:48am
Spot gold may test support at $1,773
Bullion Rate

Spot gold may test support at $1,773

  • This wave is much shorter than the wave a. Such a relation indicates the formation of a bearish wedge. Resistance is at $1,800, a break above which could lead to a gain to $1,828
Published 09 Sep, 2021 11:35am
Spot gold may retest resistance at $1,911
Bullion Rate

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
Spot gold may fall to $1,859
Bullion Rate

Spot gold may fall to $1,859

  • Signals will turn neutral if the metal breaks an immediate resistance at $1,884. Only a further gain above $1,893 could confirm the continuation of the uptrend towards $1,921.
Published 25 May, 2021 11:21am
Spot gold signals mixed
Bullion Rate

Spot gold signals mixed

  • Support is at $1,859, a break below which could cause a fall into the $1,830-$1,847 range. On the daily chart, the metal is struggling around a resistance at $1,874.
Published 21 May, 2021 12:17pm
Spot gold may drop to $1,763
Bullion Rate

Spot gold may drop to $1,763

  • On the daily chart, a retracement analysis on the fall from $1,875.26 reveals a key resistance at $1,799, around which the rise lost its momentum.
Published 23 Apr, 2021 11:31am
Firm US yields keep gold under pressure
Bullion Rate

Firm US yields keep gold under pressure

  • Fed officials, however, maintain that they will keep their easy money plans in place even in the face of a potential bout of inflation this spring in an economy boosted by vaccines and government spending.
Published 03 Mar, 2021 10:45am
Spot gold may retest support at $1,716
Bullion Rate

Spot gold may retest support at $1,716

  • Only a break above $1,761 could signal the completion of the wave C. On the daily chart, gold is still testing the support at $1,723, the 76.4% projection level of a downward wave C from $1,959.01.
Published 03 Mar, 2021 10:00am
Spot gold may fall towards $1,726
Bullion Rate

Spot gold may fall towards $1,726

  • Resistance is at $1,783, a break above which could lead to a gain to $1,801. On the daily chart, gold is retesting a support at $1,769, the 61.8% projection level of a downward wave C from $1,959.01.
Published 26 Feb, 2021 09:54am
Spot gold to test support at $1,761
Bullion Rate

Spot gold to test support at $1,761

  • Gold has started a consolidation, which may be confined in the range of $1,769-$1,805. The downtrend is expected to resume upon the completion of this consolidation.
Published 18 Feb, 2021 11:16am
Gold-silver ratio falls to lowest since 2014
Bullion Rate

Gold-silver ratio falls to lowest since 2014

  • Spot silver hit its highest since Aug. 11 at $28.98 an ounce earlier in the session, and was up 5.7% to $28.53 by 0242 GMT.
  • "This is Asia's response" to all the retail mania, Brian Lan, managing director at GoldSilver Central said, adding, a lot of investors want to take advantage of the situation and make some profits.
Updated 01 Feb, 2021 09:11am
Spot gold may fall to $1,818
Bullion Rate

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
Gold moves up in Asia
Commodities

Gold moves up in Asia

SINGAPORE: Gold rose on Tuesday, rebounding from a near six-week low touched in the previous session, as stocks...
Updated 13 Jan, 2021 03:30am
US MIDDAY: gold holds above $1,400
Bullion Rate

US MIDDAY: gold holds above $1,400

Gold prices inched higher on Friday as investors shrugged off concerns that stronger-than-expected consumer inflation in the United States could influence the US central bank's decision on aggressive monetary policy easing. Spot gold rose 0.7% to $1,412.8
Updated 15 Jan, 2021 04:20am
Gold rises in Europe
Bullion Rate

Gold rises in Europe

Gold prices inched higher on Friday as investors shrugged off concerns that stronger-than-expected consumer inflation in the United States could influence the US central bank's decision on aggressive monetary policy easing. Spot gold rose 0.3% to $1,407.9
Updated 15 Jan, 2021 04:20am
India's gold discounts jump; prices surge to record peaks
Bullion Rate

India's gold discounts jump; prices surge to record peaks

Physical gold discounts in India widened to their highest in almost three years this week as local prices surged to record peaks, while Asian hubs, barring China, saw aggressive selling from customers as global bullion rates scaled a 6-year peak. The pric
Updated 15 Jan, 2021 04:20am
US MIDDAY: gold hits six-year peak
Bullion Rate

US MIDDAY: gold hits six-year peak

Gold prices surpassed $1,400 on Friday before retreating, still holding near a six-year high on the US central bank's dovish stance on monetary policy. Prices also found support from worries about a potential US military strike against Iran and a global t
Updated 15 Jan, 2021 04:20am
Gold prices surpass $1,400 mark in Europe
Bullion Rate

Gold prices surpass $1,400 mark in Europe

Gold prices surpassed $1,400 on Friday before retreating, still holding near a six-year high on the US central bank's dovish stance on monetary policy. Prices also found support from worries about a potential US military strike against Iran and a global t
Updated 15 Jan, 2021 04:20am
US MIDDAY: gold dips slightly
Bullion Rate

US MIDDAY: gold dips slightly

Gold prices dipped slightly on Tuesday as investors booked profits following robust gains over the past weeks, while rising hopes of a trade deal between China and the United States lifted equities. However, increasing expectations the US Federal Reserve
Updated 15 Jan, 2021 04:20am