Bitcoin falls to $36,371 as cryptos dip for second day on January 29, 2022The cryptocurrency market remained bearish for the second straight day, with market capitalisation shedding 0.5 percent to reach $1.73 trillion. As of 1150 hours GMT, Friday, the largest cryptocurrency Bitcoin’s (BTC) price shed 0.79 percent to reach $36,371. With this decrease in price, the market capitalisation of the biggest crypto has reached $688.7 billion. During […]
Gold extends losses to Rs103,400 per 10g on January 28, 2022Gold extended declines on Thursday following Wednesday’s sharp drop after the US central bank indicated interest rate hike in March. As of 1230 hours GMT, gold in the international market was available at $1,808.30 per ounce, shedding $11.10. The release of the Fed’s latest policy statement triggered a jump in the US Treasury bond yields […]
Bitcoin falls to $36,733 as cryptos fall again on January 28, 2022The cryptocurrency market turned towards profit-taking on Thursday after surging for two days, with market capitalisation shedding 3.2 percent to reach $1.75 trillion. The crypto market struggled following the Federal Reserve meeting a day earlier, as expected tightened monetary policy in March led to a drop in cryptocurrencies’ prices. As of 1300 hours GMT, the […]
Gold price surges to Rs104,700 per 10g on January 27, 2022The gold prices came down ahead of the outcome of the Federal Open Market Committee (FOMC) meeting on Wednesday, after hitting the highest level since November 19 a day earlier. As of 1340 hours GMT, gold in the international market was available at $1,844.60 per ounce, shedding $3.30. Mixed clues ahead of the FOMC meeting […]
Brent closes in on $90 as oil rally continues on January 27, 2022The oil prices remained positive for the second day in a row on Wednesday on supply concerns. As of 1405 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $1.46 (+1.66 percent) to reach $89.66 a barrel. On the other hand, the US West Texas Intermediate (WTI) price reached $86.89 a […]
Gold edges up to Rs104,400 per 10g on January 26, 2022The gold prices inched down on Tuesday amid the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve. As of 1340 hours GMT, gold in the international market was available at $1,841.50 per ounce, shedding $1.70. Mixed clues ahead of the FOMC meeting along with concerns over Russia-Ukraine tension also underpinned the yellow […]
PKR eases by 25 paisas to 176.49 against USD on January 25, 2022Pakistani rupee weakened against the US dollar by 25 paisas (-0.14 percent) on Monday, losing exactly what it gained in the last session. The State Bank of Pakistan said in a statement that the dollar opened at Rs176.24 in the interbank market and closed at Rs176.49. The rupee in the last session on Friday gained […]
Oil prices fall for third day ahead of FOMC meeting on January 25, 2022The oil prices fell for the third straight session on Monday amid a firmer dollar and a rise in US crude and fuel inventories. As of 1410 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $1.19 (-1.35 percent) to reach $86.70 a barrel. On the other hand, the US West […]
Gold rallies 1.17pc for second week to keep bullish bias intact on January 24, 2022The gold price continued the upward trend for the second consecutive week, reaching its highest level in nearly two months and maintaining a bullish bias intact. The gold prices gained 0.96 percent last week, surging from $1818.10 to $1835.60 per ounce. The prices have surged during the five out of last six weeks in the […]
Bitcoin crashes to $37,811 as cryptos’ cap falls below $2t mark on January 22, 2022The cryptocurrency market crashed on Friday, with market capitalisation losing 9 percent to reach $1.91 trillion. The massive slump has resulted in a loss of around $233 billion sending the total market cap plunging below $2 trillion for the first time since late September. As of 1300 hours GMT, the largest cryptocurrency Bitcoin’s price decreased […]