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Jan 11, 2025 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