Gold slips to Rs102,000 per 10g on February 4, 2022Gold prices slipped following Thursday’s policy decisions from the European Central Bank and Bank of England amid persistent inflationary pressures. As of 1415 hours GMT, gold in the international market was available at $1,803.20 per ounce, shedding $3.20. Out of $3.20 per ounce decrease, +$6 was due to the dollar’s weakness while the price went […]
Bitcoin fall to $36,622 as cryptos tumble on February 4, 2022The cryptocurrency market tumbled on Thursday due to expectations of tightening monetary policy in the US and a hack attack a day earlier, resulting in a crypto theft worth more than $320 million. As of 1305 hours GMT, the market capitalisation shed 5.6 percent to reach $1.76 trillion. The largest cryptocurrency Bitcoin’s (BTC) price shed […]
Gold slips to Rs102,100 per 10g as USD weakens on February 3, 2022Gold prices inched up on Wednesday, strengthening its two-day relief recovery amid a weaker US dollar. As of 1415 hours GMT, gold in the international market was available at $1,803 per ounce, gaining $2.20. Out of $2.20 per ounce gain, $5.7 was due to the dollar’s weakness while the price went down by -$3.50 due […]
Bitcoin jumps to $38,482 as cryptos inch up on February 3, 2022The cryptocurrency market extended gains on Wednesday, with market capitalisation gaining 0.6 percent to reach $1.87 trillion. As of 1350 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price gained 0.80 percent to reach $38,482. With this increase in price, the market capitalisation of the biggest crypto has reached $728 billion. Bitcoin price increased by 4.4 […]
Gold surges to Rs102,500 per 10g as USD struggles on February 2, 2022Gold prices consolidated previous day’s gains on Tuesday as the US dollar retraced lower from a 16-month high. As of 1315 hours GMT, gold in the international market was available at $1,806.80 per ounce, gaining $10.20. Out of $10.20 per ounce gain, $5.35 was due to the dollar’s weakness. The price of 10 grams of […]
Bitcoin jumps to $38,694 as cryptos bounce back on February 2, 2022The cryptocurrency market snapped a two-day losing streak on Tuesday, with market capitalisation gaining 5.8 percent to reach $1.86 trillion. As of 1330 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price gained 4.42 percent to reach $38,694. With this increase in price, the market capitalisation of the biggest crypto has reached $732 billion. Bitcoin price […]
PKR strengthens against USD by 5 paisa for second straight day on February 1, 2022Pakistani rupee strengthened by 5 paisa (+0.03 percent) against the US dollar for the second straight session on Monday. The State Bank of Pakistan said in a statement that the dollar opened at Rs176.77 in the interbank market and closed at Rs176.72. The rupee witnessed a trading range of 15 paisa during the session, showing […]
Gold snaps two-week winning streak with more losses on cards on January 31, 2022The gold prices snapped a two-week winning streak and dipped by 2.40 percent last week, with the near-term outlook seeming bearish. The gold prices in the international market decreased from $1,835.6 to $1,791.7 per ounce last week. Gold climbed to its highest level since November at $1,853 on Wednesday but ended up losing more than […]
Is ‘fortress Russia’ ready for new Ukraine sanctions? on January 30, 2022US President Joe Biden and Western leaders have described “unprecedented” economic penalties and sanctions “with massive consequences” in the event Russia invades Ukraine. Here is a breakdown of what those measures could be and what impact they might have: Washington has teased the possibility of targeting sanctions directly against Russian President Vladimir Putin, a largely […]
Gold dips to Rs101,600 per 10g as rout rumbles on on January 29, 2022Gold fell for the third consecutive day to a three-week low on Friday amid firmer US Treasury bond yields and stronger dollar. As of 1230 hours GMT, gold in the international market was available at $1,790.70 per ounce, shedding $6.40. The release of the Federal Reserve latest policy statement triggered a jump in the US […]