5 Posts

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Fed, provinces assure SC to avoid personal publicity over public projects

  • 3 min
Federal and provincial governments assured the Supreme Court to avoid personal publicity over public projects, as per the court's 2023 judgment. Chief Justice Qazi Faez Isa led the three-member bench, questioning the number of law officers in each province. The bench adjourned the hearing for two weeks.
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Gold firms on hopes for Fed rate cut in June

  • 3 min
Gold prices edged higher as hopes for a Fed rate cut in June and a weaker dollar boosted bullion's appeal. Spot gold rose 0.1% to $2,166.39 per ounce, with U.S. gold futures up 0.4% to $2,167.70. Traders anticipate a 74% probability of rate cuts in June, with expectations shaped by upcoming U.S. core PCE price index data.
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Dollar Falls to Two-month Low on Fed View

  • 2 min
The US Dollar (USD) index fell to its lowest in more than two months on Monday, extending a slide from the prior week as investors held to the belief that the U.S. Federal Reserve has finished its interest rate hike cycle and assess when the central bank may start to cut rates.