Gold prices dropped for a third consecutive session on Monday, as the dollar firmed near six-month highs, while investors awaited more clarity on the US interest rate trajectory. Spot gold was down 0.4% at $4,045.58 per ounce, as of 0536 GMT. US gold futures for December delivery fell 0.9% to $4,042.50 per ounce. “The dollar index is up near six-month highs, it’s above 100 and if it continue
Oil prices took a breather on Monday after last week’s fall of about 3%, as investors weighed the chances for a US rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions. The United States and Ukraine were set to resume work on a revised plan for the peace deal ahead of a Thursday deadline set by US President Donald Trump, af
The Pakistani rupee recorded marginal improvement against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Monday. At 10am, the currency was hovering at 280.43, a gain of Re0.19 against the greenback. During the previous week, the Pakistan rupee posted marginal gain as it appreciated by Re0.10 or 0.04% against the US dollar in the inter-bank m
The Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday, when investors drove a broad-based rally across key sectors as they took cue from earnings announcement by an automaker and a $330 million energy loan from the Asian Development Bank (ADB). The benchmark KSE-100 index closed at 162,936.94, marking an increase of 710.66 points, or 0.44%. It traded between the intra-day
Pakistan's foreign exchange reserves recorded a modest improvement during the week ended November 14, 2025, with the State Bank of Pakistan's (SBP) holdings rising by $27 million to reach $14.551 billion, according to data released by the central bank on Thursday. The SBP's weekly report showed that the country's total liquid foreign exchange reserves stood at $19.738 billion. Of this, commerci