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Gold rises near a 6-month high

Media In-Agencies 24-12-2018 Gold rose on Monday to close near a six-month high touched last week as investors continued to worry about the US’s political uncertainty and the global economic slowdown. Spot gold rose 0.6 percent to $ 1263.11 an ounce by 7:17 GMT. The yellow metal hit its highest …

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Crossing 48 vessels of the Suez Canal

Media In \ Agencies 23-12-2017 Today, the Suez Canal has reached 48 ships with loads of 3 million 600 thousand tons. The Suez Canal Authority said in a statement today that the convoy of the north included 28 ships with loads of 2 million tons, pointing out that the convoy …

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UAE to deposit $ 3 billion in “Central Pakistan”

Media in Abu Dhabi 21-12-2018 The United Arab Emirates (UAE) has announced its intention to deposit US $ 3 billion (11 billion dirhams) in Pakistan’s central bank to support Pakistan’s fiscal and monetary policy, the UAE’s WAM news agency reported Friday. The Abu Dhabi Fund for Development said in a …

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The Bank of England keeps interest rates unchanged

Media In \ Agencies 20-12-2018 The Bank of England’s monetary policy committee voted unanimously to keep the official interest rate unchanged at 0.75 percent. The bank said in an official statement today that it expected the country’s growth rate to slow to 0.2 percent instead of the previous estimate of …

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The dollar is retreating to a 10-day low

Media In \ Agencies 20-12-2018 The dollar fell to a 10-day low on Thursday against rivals as concerns over the United States were in the throes of a sharp economic slowdown next year despite the Federal Reserve raising its benchmark interest rate for the fourth time this year. Although US …

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Oil prices offset some of its losses

Media IN-12-2018 Oil prices offset some losses on Wednesday as global stock markets showed signs of stability, but crude remained under pressure from supply worries and the global economic slowdown, which has caused severe losses over the last three sessions. WTI crude futures were up 7 cents, or 0.15 percent, …

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Pakistani shares closed down 0.14%

Media In-Agencies 19-12-2018 The index of the Karachi Stock Exchange, the largest stock market in Pakistan, closed today, down 0.14% or 52% to close at 38063 points. A total of 7042,387 shares were traded in 327 transactions. The market capitalization of 112 companies rose, 185 companies declined and 30 companies …

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Gold peaked in more than 5 months

Media In 19-12-2018 Gold prices rose Wednesday to a five-month high as the metal supported the dollar’s decline as investors awaited signs of a rate hike at the end of the Federal Reserve meeting. The spot price of gold was up 0.1 percent at $ 1,250.56 an ounce, after hitting …

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Gold is the highest level in a week

Media In-Agencies 18-12-2018 Gold prices have stabilized after touching their highest level in a week ahead of a key meeting of the Federal Reserve as the dollar remains under pressure from speculation that signs of economic turmoil could trigger a central pause in monetary tightening. The FOMC meeting is expected …

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