16 Posts

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Dollar near five-month high

  • 4 min
The US dollar approached its 2024 peak against global currencies as US share futures declined before a Federal Reserve decision. The dollar rose over 0.5% and the dollar index reached a five-month high. Expectations for Fed rate cuts diminished after strong first-quarter US employment growth data. There was thin trading due to market closures in Europe and Asia.
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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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Gold pulls back from record high ahead of US CPI data

  • 3 min
Gold retreated from its record high ahead of the US CPI data, signaling a potential end to nine consecutive sessions of gains. Spot gold fell 0.3% to $2,176.79 per ounce, below the record $2,194.99 on Friday, with US gold futures also down 0.3%. The market awaits the US CPI report for further indications on the Federal Reserve's next move. Bullion remains supported by strong speculative interest and solid physical demand.
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Gold touches 10-day high

  • 2 min
Gold prices reached a 10-day high due to the weakening U.S. dollar and Treasury yields following the Federal Reserve's indication of ending its monetary policy tightening cycle. Spot gold rose 0.4% to $2,034.31 per ounce, while U.S. gold futures settled 2.4% higher at $2,044.90. Lower interest rates and a weaker dollar are set to benefit gold prices further. - Khabristan.PK
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US Dollar Rallies to Fresh One-Year High

  • 2 min
The US Dollar (USD) climbed to its highest level in over a year against the Japanese yen on Monday, continuing to draw support from a scaling back of expectations for U.S. Federal Reserve interest rate cuts next year.
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Bank Deposits Soar to New Historic High

  • 1 min
Bank deposits have risen to a new historic high of Rs26.398 trillion, recording a 17.8% growth in October 2023 due to high interest rates, according to the State Bank of Pakistan (SBP).
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Lahore High Court order to immediately stop police operation in Zaman Park

  • 2 min
Lahore High Court has ordered immediate stop of Zaman Park police operation. Justice Tariq Saleem Sheikh remarked that IG Sir, what is the solution to the problem. If we stop the operation till the decision of Islamabad High Court, there is no objection. IG Punjab said that we will implement every order of the court. On which Justice Tariq Saleem Sheikh remarked that the police should be stopped from immediate operation.