Trends - Spot gold rose - Business Recorder

Spot gold rose

Gold locked in tight range in Europe

AMSTERDAM/LONDON: Gold was subdued on Tuesday as some investors were wary about the possibility of the US Federal...

Published 16 Jun, 2021 03:39am

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 gains after US Fed maintains accommodative stance

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

Published 29 Apr, 2021 11:16am

Markets

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

Markets

Gold firms as dollar stalls ahead of US retail sales, jobless claims data

Spot gold rose 0.1% to $1,738.38 per ounce at 0332 GMT. US gold futures were up 0.2% at $1,739.20 per ounce.

Published 15 Apr, 2021 11:10am

Markets

Spot gold may test support at $1,719

On the daily chart, gold is pulling back towards a falling trendline. The pullback may extend to any level until $1,693.

Published 13 Apr, 2021 11:07am

Markets

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

Markets

Gold off 7-month low on dollar weakness, but yields weigh

Bitcoin hit a record high on Sunday, after scaling a market capitalisation of $1 trillion on Friday.

Published 22 Feb, 2021 12:32pm

Markets

Spot gold may fall to $1,726

A sudden surge above $1,783 could signal a reversal of the downtrend.

Published 19 Feb, 2021 11:26am

Markets

Spot gold may rise into $1,853-$1,875 range

A break below $1,827.93, however, will indicate a resumption of the downtrend towards $1,783. On the daily chart, gold could be consolidating within a big flat that developed from $1,764.29.

Published 09 Feb, 2021 10:51am

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

Gold gains as dollar eases off four-week high

Euro zone finance ministers also pledged continued fiscal support for their economies and discussed the design of post-pandemic recovery plans.

Published 19 Jan, 2021 10:48am

Markets

Gold edges up on Biden's stimulus proposal

Biden unveiled a $1.9 trillion stimulus package proposal on Thursday designed to jump-start the economy and speed up the US response to the coronavirus pandemic.

Published 15 Jan, 2021 09:45am

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

Gold gains on softer dollar; US Senate pandemic aid vote eyed

Gold, seen as a hedge against inflation, has gained more than 23% this year, largely driven by a raft of stimulus measures unleashed to mitigate the impact of the pandemic.

Published 29 Dec, 2020 09:12am

Markets

Gold gains 1% as Trump signs stimulus bill

Britain on Monday urged businesses to prepare for Brexit, after the country clinched a trade deal with the European Union on Thursday that preserved zero-tariff and zero-quota access to the bloc's single market.

Published 28 Dec, 2020 09:50am

Markets

Spot gold may test resistance at $1,888

The metal managed to stabilize around a support at $1,862, the 38.2% projection level of an upward wave c from $1,862. This wave may have completed around $1,904.

Published 24 Dec, 2020 10:04am

Markets

Gold scales 1-1/2-month high on US stimulus deal boost

Speculators upped their bullish positions in COMEX gold and silver contracts in the week to Dec. 15, data showed on Friday.

Published 21 Dec, 2020 08:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 5	277.92
USD PKR Interbank Buying / Nov 5	277.72
USD to Japanese Yen / Nov 5	152.45
USD to Swiss Franc / Nov 5	0.86
Pound Sterling to USD / Nov 5	1.30
Euro to USD / Nov 5	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
Nasdaq / Nov 4	18,179.98
Dow Jones / Nov 4	41,794.60
India Sensex / Nov 5	78,731.05
Tokyo Nikkei / Nov 5	38,537.29
Hang Seng / Nov 5	20,865.77
FTSE 100 / Nov 5	8,191.31
Germany DAX 30 / Nov 5	19,121.64

Item	Value
Petrol/Litre / Nov 5	248.38
Crude Oil USD/Barrel / Nov 5	71.49
Karachi Cotton PKR/37.32 KG / Nov 5	18,285
Gold 10 Grams PKR / Nov 5	242,798
Gold Spot USD/Ounce / Nov 5	2,732.66
Diesel/Litre / Nov 5	255.14

Gainers
Losers
Leaders

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

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

Stock	Volume
P.I.A.C.(A) / Nov 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Spot gold rose

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