Monitoring Desk

Gold price fell over one percent on Monday, a day ahead of the US Federal Open Market Committee (FOMC) meeting which is likely to increase interest rates. As of 1220 hours GMT, gold in the international market was available at $1,966 per ounce, shedding $25.10. Out of a $25.10 per ounce decrease, +$3.55 was due […]

Gold price surged for the second week in a row after witnessing its highest weekly close since November 2020 in the preceding week, as geopolitical concerns centring on Russia have revived yellow metal’s demand as a safe haven. Gold futures closed the week on a bullish note in the international market at $1,991.10 per ounce, […]

The cryptocurrency market remained on the downward slide on Sunday and its capitalisation decreased by 1.4 percent to $1.8 trillion. As of 1310 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price slipped by 1.88 percent to reach $38,473. With this decrease in price, the market capitalisation of the biggest crypto has reached $728.5 billion. Bitcoin […]

The EU and Britain on Friday opened antitrust probes into a 2018 deal between tech giants Google and Facebook owner Meta allegedly aimed at cementing their dominance over the online advertising market. The European Commission said it was investigating the so-called “Jedi Blue” agreement that has also faced lawsuits in the United States as global […]

Gold price fell sharply after Russian President Vladimir Putin said on Friday there has been some progress in Russia’s talks with Ukraine. “There are certain positive shifts, negotiators on our side tell me,” Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko, adding that talks continue “practically on a daily basis.” As of […]

Gold price increased during a volatile session amid two-way price move on Thursday. As of 1350 hours GMT, gold in the international market was available at $2,004.70 per ounce, gaining $13.40. Out of a $13.40 per ounce increase, +$0.25 was due to the dollar’s strength and +$13.65 was due to predominant buyers, according to Kitco […]

The cryptocurrency market slumped on Thursday amid ongoing uncertainty about inflation and oil prices due to the ongoing Russia-Ukraine war. As of 1400 hours GMT, the market capitalisation decreased 5.5 percent to reach $1.82 trillion. The largest cryptocurrency Bitcoin’s (BTC) price went down by 7.07 percent to reach $38,950. With this decrease in price, the […]

Gold price snapped a four-day winning streak on Wednesday, falling two percent amid positive statements from Ukraine and Russia. As of 1200 hours GMT, gold in the international market was available at $2,013.40 per ounce, shedding $39.20. Out of a $39.20 per ounce decrease, +$10.50 was due to the dollar’s weakness and -$49.70 was due […]

The cryptocurrency market bounced back on Wednesday after US President Joe Biden announced his executive order on digital assets that appeared to take a supportive stance towards the industry. Moreover, the news from the geopolitical scenario that Ukraine will not be seeking NATO membership and Russia’s preference to resolve conflict through discussions also improved the […]

Gold price surged for the fourth straight session on Tuesday to hit its highest level since August 2020. As of 1325 hours GMT, gold in the international market was available at $2,009.40 per ounce, gaining $10.80. Out of a $10.80 per ounce increase, +$2.10 was due to the dollar’s weakness and +$8.70 was due to […]