Gold price slips to Rs101,700 per 10g on January 11, 2022Gold prices remained on the back foot on Monday due to expected interest rate hikes amid a rebound in the global economy. As of 1300 hours GMT, gold in the international market was available at $1,791.70 per ounce, shedding $5.30. The price of 10 grams of yellow metal in Pakistan, meanwhile, went down to Rs101,700 […]
Bitcoin falls for 8th day to $41,4720 on January 11, 2022The cryptocurrency market continued with a bearish trend on Monday, with market capitalisation shedding 1.1 percent to reach $2.05 trillion. As of 1235 hours GMT, the largest cryptocurrency Bitcoin’s price went down by 0.70 percent to $41,472. With this decrease in price, the market capitalisation of the biggest crypto has reached $784.9 billion. The world’s […]
Bitcoin slips to $41,720 with cryptos’ cap nears $2t mark on January 10, 2022The cryptocurrency market continued with a bearish trend on Sunday, with market capitalisation shedding 2.1 percent to reach $2.06 trillion. As of 1440 hours GMT, the largest cryptocurrency Bitcoin’s price went down by 0.34 percent to $41,720. With this decrease in price, the market capitalisation of the biggest crypto has reached $789.5 billion. The world’s […]
Washington may cut off smartphones, TV exports to Moscow on January 10, 2022Washington can cut off export of smartphones, TVs to Moscow as it is preparing to inflict “severe and overwhelming” costs on Russia. The sanctions could reportedly be as tough as those against Iran, Cuba, and North Korea, and would focus on the financial, technology, and military sectors. Several US news organizations quoted unnamed government officials […]
Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles on January 9, 2022Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell (RDSa.L), the world’s largest trader of LNG, were down […]
Week Ahead: Hawkish Fed gives value stocks a second wind on January 9, 2022Investors are recalibrating their portfolios to account for a more hawkish Federal Reserve, as signs that the central bank is ready to pull out the stops in its fight against inflation has shaken up markets in the first week of 2022. Yields on the benchmark 10-year U.S. Treasury are on track for their biggest weekly […]
Gold price dips to two-week low at Rs101,700 per 10g on January 8, 2022Gold prices inched up from a two-week low on Friday amid a rebound in the global equity markets. As of 1155 hours GMT, gold in the international market was available at $1,792 per ounce, gaining $1.10. The price of 10 grams of yellow metal in Pakistan, meanwhile, went down to Rs101,700 after shedding Rs400. Gold […]
Bitcoin slips to $42,269 with cryptos’ cap wanes to $2.12t on January 7, 2022The cryptocurrency market continued with a bearish trend on Friday, with market capitalisation shedding 1.8 percent to reach $2.12 trillion. As of 1130 hours GMT, the largest cryptocurrency Bitcoin’s price went down by 1.41 percent to $42,269. With this decrease in price, the market capitalisation of the biggest crypto has reached $799.8 billion. Bitcoin has […]
Bitcoin plunges to $42,750 as crypto market crashes on January 7, 2022The cryptocurrency market plunged on Thursday, with market capitalisation shedding 8.6 percent to reach $2.15 trillion. As of 1220 hours GMT, the largest cryptocurrency Bitcoin’s price went down by 7.42 percent to $42,750. With this decrease in price, the market capitalisation of the biggest crypto has reached $808.9 billion. Bitcoin has slumped to the lowest […]
PKR improves to 176.74 against USD by one paisa gain on January 6, 2022Pakistani rupee appreciated by one paisa (+0.01 percent) against the US dollar on Wednesday. The State Bank of Pakistan said that the dollar opened at Rs176.75 in the interbank market and closed at Rs176.74. The rupee witnessed lacklustre trading during the session, showing the intraday high bid of 176.75 and low offer of 176.65. Within […]