Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet. The price for Gold stood at 41,301.61 Pakistani Rupees (PKR) per gram, down compared with the PKR 41,357.44 it cost on Friday. The price for Gold decreased to PKR 481,733.80 per tola from PKR 482,385.10 per tola on friday. Unit measure Gold Price in PKR 1…
With Australia’s inflation at a three-year high, will the RBA hike again — or blink in the face of recession risk?
Bank of Korea deputy chief Ryoo Sang-dai says it is time to consider rate hikes, with forward guidance set to turn hawkish at the May 28 meeting under new governor Shin Hyun-song. Summary: Bank of Korea senior deputy governor Ryoo Sang-dai said forward guidance would become more hawkish at the next policy meeting and that it was time to…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – rebounds following a bearish gap opening to the $96.45 area on Monday, though it sticks to modest intraday losses through the Asian session. The commodity currently trades just above mid-$98.00s, still down over 1% for the day, amid mixed cues. US President Donald Trump announced over the…
Japan likely spent up to $35bn intervening to support the yen, but Barclays warns depreciation pressure will persist over the medium term as Iran war energy costs weigh. Summary: The dollar had its largest weekly loss against the yen since February after Japan was reported to have intervened in foreign exchange markets, according to Reuters Bank of Japan data…
Markets just got another sharp turn in the tape. Iran has reportedly just sent a fresh proposal for negotiations with the U.S. through Pakistani mediators, oil eased on the news, and earnings are still doing enough to keep buyers engaged. That combination has pushed the S&P 500 back toward the 7,300 area, or close enough that traders now have…
President Trump announced on Sunday that the United States would begin coordinating the movement of commercial vessels out of the Strait of Hormuz, launching an initiative he called Project Freedom and describing it as a humanitarian gesture toward neutral countries whose ships have been stranded by the conflict between Washington and Tehran. Wall Street Journal reports (gated). Writing on…
As US markets continue to grapple with uncertainty in the Middle East and its far-reaching ramifications, inflated AI stocks are continuing to divide investor outlooks. Could the fintech sector offer the strongest level of long-term resilience? The fallout of the conflict in Iran has seen the US S&P 500 index slip around 4%. Although this downturn is less severe…
Trump: U.S. efforts to free the ships in the Strait of Hormuz will begin Monday morning Middle East time US will begin escorting ships stuck in the Strait of Hormuz. If this process is disrupted, we will deal with it by force. This article was written by Eamonn Sheridan at investinglive.com.
Silver (XAG/USD) trades around $76.00 on Friday at the time of writing, up 3.05% on the day, supported by renewed demand despite a macroeconomic backdrop that remains challenging for non-yielding assets. The white metal benefits from a rebound after consolidating earlier in the week, as investors reassess the outlook for monetary policy in the United States (US). The Federal…
