Commodity futures
The gold futures contract on Bursa Malaysia Derivatives is likely to trade in consolidation mode next week as analysts anticipate a slowdown in momentum due to the US economic data release. While the market narrative remains bullish on gold due to the weaker US dollar, driven by the US Federal
Commodity futures
In a remarkable turn of events, gold prices in Pakistan have reached unprecedented levels, with the rate for 24K gold per tola skyrocketing to Rs. 266,500. This significant hike follows the State Bank of Pakistan's decision to slash interest rates by 200 basis points and the government&
Commodity futures
Gold prices in Pakistan have surged to an all-time high, with the rate for 24K gold per tola reaching Rs. 266,500, and the rate for 22K gold reaching Rs. 244,290 per tola. This rise comes on the heels of the State Bank of Pakistan's announcement to
Commodity futures
As global economic woes and Middle East tensions intensify, gold futures are seeing a surge in demand, driven by investors' search for safe-haven assets. The price of gold is being particularly influenced by the uncertainty surrounding the Federal Reserve's interest rate cuts, with many anticipating a reduction
Central banks
As global economies teeter on the brink of a deeper recession than anticipated, gold prices have surged approximately 22% in the year to date, with MCX gold futures increasing by about 14%. Despite physical demand declining due to restrictions and lockdowns, central banks have accelerated their gold purchases, with global
Commodity futures
Gold futures on Bursa Malaysia Derivatives are expected to maintain a downtrend next week due to the anticipation of the US Federal Reserve's rate-cutting trajectory being reinforced by the upcoming September non-farm payroll report. Markets are cautious, awaiting the outcome of the report, which could bring significant changes
Commodity futures
Gold futures prices on the Multi Commodity Exchange (MCX) climbed higher on Wednesday, influenced by the softening international rates and the US dollar, as well as safe-haven appeal during the escalating Middle East tensions. Technical buying also played a role in the rally, as prices dipped near the Rs 71584
Commodity futures
Gold futures have reached a "Faux All-Time High" with a significant increase in the December "front month" premium, marking a significant shift in the precious metal's market. Despite a positive week for the gold market, the current price is -169 points below the actual
Commodity futures
NANO Nuclear Energy Inc., a vertically integrated advanced nuclear energy and technology company, has joined the University of Cambridge Nuclear Industry Club (CNIC) to cultivate the next generation of professionals in the nuclear energy industry. The collaboration aims to advance research and education in nuclear energy at the University of
Newspaper publishing
US stocks were initially expected to rise following better-than-expected job numbers that sent unemployment to its lowest level since February 2009. However, investors were left unimpressed as the Dow Jones Industrial Average, S&P 500, and Nasdaq failed to show significant gains. Despite this, European stocks were rising, led
Newspaper publishing
Gold and silver prices experienced significant gains on Tuesday, with gold rising to its highest settlement price since December 23 and silver surging 5.9% on brighter economic outlook. The weaker US dollar and strength in global manufacturing activity, particularly in China and India, contributed to the rally in precious
Newspaper publishing
Copper futures rose 3.05 cents to $3.4405 a pound on the Comex division of the New York Mercantile Exchange, marking a cautious optimism in European equities markets and a steady euro after a successful Italian debt auction eased worries about the short-term stability of the euro zone. The
