Gold price decreased in both global and local markets | The Express Tribune
Listen to article The price of gold has dropped in both global and local markets. The price of gold in the local markets has carried its downwards trend from the previous week. The price of 24-karat gold per tola has fallen by 1,100 rupees to 260,400 rupees. Similarly, the price of gold per 10 grams has decreased by […]
Gold rate continue to climb locally despite global market decline | The Express Tribune
Listen to article Gold prices in Pakistan have continued their upward trend, even as global rates have seen a decline for the second consecutive day. On Friday, the price of 24-carat gold in Pakistan increased by Rs200 per tola, pushing the new rate to Rs262,000. The price of 10 grams of gold also saw a rise of […]
From replicas to global dominator | The Express Tribune
KARACHI: The Chinese automobile industry has been surpassing global market leaders in terms of cost, features, durability, and comfort. According to well-placed sources, Japanese and European companies, which set up plants in China four decades ago, are now wrapping up their businesses as Chinese companies take their place. Japan, the EU, and US technology were […]
Gold prices hit record highs in Pakistan amid global market surge | The Express Tribune
Gold prices hit an all-time high on August 16, 2024, propelled by a weaker US dollar and expectations of a potential interest-rate cut by the Federal Reserve. The metal’s appeal was further amplified by ongoing geopolitical tensions, particularly in the Middle East, which heightened demand for safe-haven assets. Spot gold increased by 1.7% to $2,498.72 […]
Earnings, global markets help PSX recover | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX), after coming under pressure initially, rebounded and closed with a modest rise of nearly 350 points in the outgoing week as investor interest grew in the face of robust corporate results and recovery in global equities. At the beginning, the market’s momentum was largely influenced by investor hesitation, caused by […]
Local gold prices fall by Rs500 per tola amid drop in global rates | The Express Tribune
In local markets, the price of 24-carat gold per tola fell by Rs500, dropping to Rs246,000 from Rs246,500. This decrease reflects the significant drop in the international bullion market, where gold prices declined by $17 to settle at $2,400 per ounce. This decline followed a previous decrease of $16, which had brought the price down […]
Global companies face earnings challenge | The Express Tribune
NEW YORK: Global companies are lowering their full-year sales and profit expectations due to higher interest rates and a weakening Chinese economy, negatively impacting consumer sentiment and diminishing the luster of recent earnings growth. Several prominent companies, including McDonald’s, Nissan, Tesla, Nestle, and Diageo, have failed to meet investor expectations. Approximately 40% of US and […]
Avoiding trade war amid global tension | The Express Tribune
KARACHI: Last week, US Treasury Secretary Janet Yellen embarked on her second official visit to China in less than a year, from April 4th to 9th. Her objective was to uphold Washington’s global dominance amidst the ongoing trade war between the two superpowers, particularly in light of the upcoming presidential elections later this year. She […]
Global investors pull back amid inflation concerns | The Express Tribune
BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed US consumer prices increased more than expected in March, casting further doubt on whether the Federal […]
Gold hits record high amid global turbulence | The Express Tribune
KARACHI: Gold reached a new all-time high at Rs241,100 per tola (11.66 grams) in Pakistan on Thursday, marking a historic moment in line with the global record-breaking trend. Meanwhile, the rupee remained stable near its recent five-and-a-half-month high at Rs277.83 against the US dollar in the interbank market throughout the day. In the global market, […]