8 Posts

continues.

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Gold hits all-time high as Fed-fuelled rally continues

  • 3 min
Gold prices surged to a record high as the slowing US inflation trend fueled expectations of a mid-year interest rate cut by the Federal Reserve. Spot gold climbed 0.6% to $2,244.89 per ounce and hit an all-time high of $2,262.19. Rising rate cut expectations and geopolitical tensions have propelled gold prices by over 8% this year.
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Rupee continues to recover against USD

  • 2 min
The rupee gained 07 paisa against the US dollar, closing at Rs279.49 in interbank trading, with open market rates at Rs279.75 for buying and Rs282.3 for selling. Additionally, the price of Euro, Japanese Yen, and British Pound fluctuated. In the domestic market, 24-karat gold and platinum experienced price fluctuations.
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PKR continues to strengthen against US dollar

  • 3 min
The Pakistani Rupee strengthened in the interbank trading, gaining 26 paisa against the US Dollar and closing at Rs 281.93. The Euro increased by Rs 1.87, reaching Rs 313.47, while the exchange rates of Emirates Dirham and Saudi Riyal decreased. The Pakistan Stock Exchange also saw a positive trend with the KSE-100 index gaining over 1,000 points.
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Israel continues to pound Gaza as rift with US grows

  • 2 min
Israel continued its intensive airstrikes on Gaza on Thursday, while a prominent White House advisor was scheduled to visit Jerusalem, deepening a rift over U.S. calls for restraint from its ally. The conflict, now entering its third month, originated from the October 7 attacks by the Palestinian group Hamas on Israel, leaving the besieged Gaza Strip in ruins and resulting in the tragic deaths of over 18,600 people, primarily women and children.
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Israel continues to bomb south Gaza as Hamas battles invading forces

  • 2 min
Israel continued its aggressive bombardment of the main southern city in Gaza on Monday, as tensions escalated following warnings from Palestinian resistance group Hamas. Hamas had threatened that no Israeli captives would leave Gaza alive unless its demands for prisoner releases were met. The relentless Israeli offensive has resulted in widespread destruction in Gaza, reducing many areas to rubble and claiming the lives of at least 18,000 people, with a majority being women and children.