Gold prices in Pakistan fell on Wednesday, following declines in the international market. The price per tola dropped by Rs1,000 to Rs443,162. Similarly, 10-gram gold fell by Rs858, reaching Rs379,939, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold per tola had already declined by Rs2,700 to Rs444,162. The local drop […]
US federal reserve
Australian, New Zealand dollars hold gains amid US rate speculation
The Australian and New Zealand dollars largely held their gains on Monday, following a dovish shift by the US Federal Reserve that weakened the dollar and provided support to both currencies. Investors remain cautious, balancing expectations of future rate cuts against ongoing economic uncertainties. The Aussie slipped 0.1% to $0.6485, after rallying 1.1% on Friday […]
Asia markets hushed in countdown to fed lift off
SYDNEY: Asian markets were precariously poised on Wednesday as the world waited to hear from the US Federal Reserve on when it would stop buying assets and start raising interest rates, possibly piling pressure on its peers to follow. Futures have already priced in an end to tapering by March and a first hike to […]