Gold price increases by Rs1550 to Rs142,400 per tola on July 19, 2022The price of 24 karat per tola gold witnessed an increase of Rs1550 on Monday and was sold at Rs142,400 in the local market against its sale at Rs140,850 the previous day. The price of 10-gram 24 karat gold also increased by Rs1329 and was sold at Rs122,085 against its sale at Rs 120,756 whereas […]
Goldman profits beat forecast, easing rate-hike bets drive Wall St higher on July 19, 2022Wall Street’s main indexes opened higher on Monday after Goldman Sachs beat profit expectations, extending last week’s positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve. The Dow Jones Industrial Average rose 187.72 points, or 0.60pc, at the open to 31,475.98. The S&P 500 opened higher by 20.63 points, or […]
OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister on July 18, 2022Saudi Arabia’s foreign minister said a US-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is necessary. “There was no oil discussion at the summit,” Prince Faisal bin Farhan Al Saud told a news conference, adding there were discussions with the United States and […]
Rupee strengthened against euro, pound, yen: Miftah on July 18, 2022Minister for Finance and Revenue Miftah Ismail on Sunday said that Pak-Rupee has strengthened against Euro, Pound and Yen during the period from May 31 to July 14, 2022. “Over the last month and a half, Pakistani rupee has held its own against Euro, Pound and Yen. But Dollar is the strongest it has been […]
Gas price dip may not last as warnings of October rise emerge on July 18, 2022After reaching record high levels last month, drivers have welcomed a recent dip in gas prices. But the reprieve may not last, with energy analysts warning that gas prices could soar again in October ahead of November’s midterm elections. The average price for regular gasoline nationwide was $4.532 on Sunday-down from a record of $5.014 […]
Oil rises 2pc as no immediate Saudi output boost expected on July 17, 2022Oil gained 2.5pc on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. The comment during U.S. President Joe Biden’s Middle East visit comes at a time when spare capacity at members […]
Gold price declines by Rs250 to Rs140,850 per tola on July 17, 2022The price of 24 karat per tola gold witnessed a decrease of Rs250 on Saturday and was sold at Rs140,850 in the local market against its sale at Rs141,100 the previous day. The price of 10-gram 24 karat gold also declined by Rs214 and was sold at Rs120,756 against its sale at percentage120,970 whereas prices […]
Vladimir Putin bans digital payments in Russia on July 17, 2022Russia President Vladimir Putin has signed a law banning digital payments across the nation, according to a policy amendment on Thursday. The law was approved by the Russian Assembly, known as the Duma, on July 8. It bans the use of digital securities and utility tokens as a means of payment for goods, services and […]
Gold price declines by Rs50 to Rs141,100 per tola on July 16, 2022The price of 24 karat per tola gold witnessed a decrease of Rs50 on Friday and was sold at Rs141,100 in the local market against its sale at Rs141,150 the previous day. The price of 10-gram 24 karat gold also declined by Rs43 and was sold at Rs120,970 against its sale at Rs121,013 whereas prices […]
Bitcoin surges as fed governor talks down 100 basis point rate hike on July 16, 2022Bitcoin surged in Thursday trading after Federal Reserve Governor Christopher Waller said he supported an interest rate hike of 75 basis points (0.75pcage point) in July, easing fears of a larger 100 basis-point raise to combat high inflation. The largest cryptocurrency by market capitalization was trading at around $2,680, up 4.8pc in the past 24 […]