Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty. Spot gold was up 0.3% at $4,951.91 per ounce, as of 0358 GMT, after scaling a record $4,966.59 earlier in the day. US gold futures for February delivery added 0.8% to $4,95
Euro zone bonds steadied on Thursday with longer-dated bond yields pulling back slightly while shorter-dated ones inched higher after an easing in geopolitical tensions and Japanese bond market turmoil. A plunge in Japanese bonds, as well as US President Donald Trump’s threats to impose tariffs as leverage to seize Greenland contributed to a global bond selloff on Tuesday, particularly in longe
Oil prices rebounded on Friday after US President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies. Brent crude futures for March rose 35 cents, or 0.55%, to $64.41 a barrel. US West Texas Intermediate crude rose 33 cents, or 0.56%, to $59.69 a barrel as of 0243 GMT. Both contracts slumped about 2% on Thu
Pakistan has reached out to the Philippines for increased rice procurement, backed by surplus stocks and stable quality output. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and Dr Emmanuel R. Fernandez, Ambassador of the Philippines to Pakistan, according to a statement issued on Friday. During the meeting, held on the directions of Prime Minister S
After a day of selling, buying interest returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of Thursday. At 10:10am, the benchmark index was hovering at 187,571.71, an increase of 538.45 points or 0.29%. Buying was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploratio