Gold jumps to Rs109,400 per 10g amid higher demand on March 1, 2022Gold price jumped 1.4 percent as escalation of the Russia-Ukraine conflict generates high demand for the yellow metal. As of 1410 hours GMT on Monday , gold in the international market was available at $1,914.80 per ounce, gaining $25.80. Out of $25.80 per ounce increase, -$6.2 was due to the dollar’s strengthening and +$32 was […]
Bitcoin slips to $38,000 as Russia’s war weighs on risky assets on March 1, 2022The cryptocurrency market turned bearish on Monday, snapping a three-day winning streak amid Russia-Ukraine war. As of 1350 hours GMT, the market capitalisation shed 4 percent to reach $1.81 trillion as the aggravation of tension around Ukraine exerted pressure on risky assets. The largest cryptocurrency Bitcoin’s (BTC) price came down by 4.29 percent to reach […]
Gold snaps three-week winning streak amid volatile trading on February 28, 2022Gold price snapped the three-week winning streak after witnessing the level seen for the first time in 15 months as geopolitical concerns centring on Russia caused the two-way price moves. Gold futures closed the week on a bearish note in the international market at $1,889 per ounce, shedding $10.20 (-0.54 percent) on a week-on-week basis, […]
Bitcoin nears $40,000 mark as cryptos consolidate gains on February 28, 2022The cryptocurrency market remained positive for the third straight day on Sunday, with market capitalisation gaining 1.9 percent to reach $1.89 trillion. As of 1320 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price gained 1.58 percent to reach $39,759. With this increase in price, the market capitalisation of the biggest crypto has reached $752 billion. […]
US allows transactions with Afghan govt despite sanctions on February 27, 2022The United States on Friday issued new rules that would allow most commercial and financial transactions with Afghanistan while maintaining sanctions against the Taliban, in an effort to ease the flow of humanitarian aid and kickstart the paralyzed economy. Non-governmental organizations and financial institutions have expressed concerns about running afoul of US sanctions targeting the […]
US stocks end higher, Dow up 2.5pc on February 27, 2022Wall Street powered higher on Friday as US traders snapped up equity bargains, despite unease that Russia’s invasion of Ukraine would drive commodity prices up. The benchmark Dow Jones Industrial Average finished 2.5 percent higher at 34,058.75. The broad-based S&P 500 rose 2.2 percent at 4,384.65. The tech-rich Nasdaq Composite Index climbed 1.6 percent higher […]
US, China continue as Pakistan’s top export destinations in Jan on February 26, 2022The United States remained Pakistan’s largest export market, with $539 million worth of goods exported to the country in January 2022. According to the data released by the State Bank of Pakistan (SBP), national exports to the USA declined 16 percent on a month-on-month (MoM) basis in January 2022, as the country exported goods worth […]
Gold jumps to Rs108,000 per 10g on February 24, 2022Gold prices edged up after a two-way price move amid a calmer risk tone but Russia-Ukraine tensions and a weaker US dollar remain supportive. As of 1330 hours GMT on Wednesday, gold in the international market was available at $1,904.40 per ounce, gaining $5.90. Out of $5.90 per ounce increase, +$3.80 was due to the […]
Gold retreats from eight-month highs to Rs107,800 per 10g on February 23, 2022Gold prices slipped after jumping to fresh eight-month highs of $1,914 per ounce in a two-way price move amid the Russian-Ukraine crisis. As of 1255 hours GMT, gold in the international market was available at $1,898.70 per ounce, shedding $4.50. Out of a $4.50 per ounce decrease, +$3.40 was due to the dollar’s weakness and […]
Bitcoin slips to $37,590 as cryptos extend losses for seventh day on February 23, 2022The cryptocurrency market remained bearish for the seventh consecutive day amid heightened geopolitical risks, with market capitalisation falling 3.3 percent to $1.77 trillion. As of 1130 hours GMT on Tuesday, the largest cryptocurrency Bitcoin’s (BTC) price shed 1.96 percent to reach $37,590. With this decrease in price, the market capitalisation of the biggest crypto has […]