Bitcoin falls to $39,383 as cryptos turn bearish on April 19, 2022The cryptocurrency market turned bearish on Monday, with market capitalisation losing 2.8 percent to reach $1.92 trillion. As of 1310 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price slipped 2.61 percent to $39,383. With this decrease in price, the market capitalisation of the biggest crypto has reached $746 billion. Bitcoin has shed 6.6 percent of […]
Gold rises 1.44pc for second week amid safe haven demand on April 18, 2022Gold price surged for the second straight week by 1.44 percent, finding continuous demand as an inflation hedge and a safe haven. Despite a broad-based US dollar strength and a sharp upsurge witnessed in the Treasury bond yields, gold managed to build on the previous week’s 1.1 percent gains and register its highest weekly close […]
Bitcoin jumps to $40,447 as cryptos inch up on April 18, 2022The cryptocurrency market remained positive on Sunday, with market capitalisation gaining 0.2 percent to $1.98 trillion. As of 1100 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price inched up by 0.29 percent to $40,447. With this increase in price, the market capitalisation of the biggest crypto has reached $766 billion. Bitcoin has shed 5.4 percent […]
POL production increases 6.34pc in February on April 17, 2022The production of petroleum products witnessed an increase of 6.34pc during the month of February 2022 as compared to the corresponding month of last year (February 2021), Pakistan Bureau of Statistics (PBS) reported. The petroleum products that contributed in positive growth in production included jet fuel, the output of which increased by 27.29pc. Likewise, the […]
EU embargo on Russian oil, gas will take ‘months’ on April 17, 2022The EU is working on broadening sanctions on Russia to include oil and gas embargoes but such measures would take “several months”, European officials told AFP on Friday. The bloc last week announced a ban on Russian coal in a first step against Russian energy exports — together, Moscow’s main hard currency earner. But the […]
Gold jumps to Rs116,000 per 10g on April 16, 2022Gold prices remained on the defensive on Friday after going up for seven successive sessions amid the stronger US dollar and treasury bond yields. As of 1300 hours GMT, gold in the international market was available at $1,974.80 per ounce, shedding $2.50 (-0.13 percent). Out of the $2.50 per ounce decrease, -$3.15 was due to […]
Bitcoin lowers to $40,196 in mixed trade on April 16, 2022The cryptocurrency market turned bearish on Friday, with market capitalisation shedding 1.4 percent to drop below the $2 trillion mark to $1.97 trillion. As of 1230 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price slipped by 1.72 percent to $40,196. With this decrease in price, the market capitalisation of the biggest crypto has reached $761 […]
Gold slips to Rs115,000 per 10g on April 15, 2022Gold prices remained on the defensive on Thursday after going up for six successive sessions amid the stronger US dollar and treasury bond yields. As of 1435 hours GMT, gold in the international market was available at $1,968.60 per ounce, shedding $8.70 (-0.44 percent). Out of the $8.70 per ounce decrease, -$14.30 was due to […]
Bitcoin jumps to $41,112 as cryptos’ cap regain $2t mark on April 15, 2022The cryptocurrency market snapped a three-day losing streak on Thursday, with market capitalisation gaining 2.2 percent to reclaimed the $2 trillion mark. As of 1305 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price surged by 3.39 percent to $41,112. With this increase in price, the market capitalisation of the biggest crypto has reached $778.5 billion. […]
Gold slips to Rs115,700 per 10g on April 14, 2022Gold prices surged for the sixth successive session on Wednesday and hit fresh near-one month highs amid the retreating US treasury bond yield. As of 1405 hours GMT, gold in the international market was available at $1,975.90 per ounce, gaining $9.70 (+0.49 percent). Out of the $9.70 per ounce increase, -$1.95 was due to the […]