Trends - Asia Gold - Business Recorder

Asia Gold

Spot gold to fall towards $1,842

On the daily chart, the correction triggered by the key resistance at $1,921 has extended.

Published 14 Jun, 2021 12:13pm

Markets

Asia Gold: Indian jewellers lift shutters; discounts prevail in top hubs

BENGALURU: Physical gold demand crept up this week in top hubs India and China though dealers were still forced to...

Published 13 Jun, 2021 03:56am

Markets

Spot gold may test resistance at $1,911

The metal has completed the second pullback towards a falling trendline.

Published 11 Jun, 2021 11:11am

Markets

Gold hovers near $1,900/oz as dollar, yields dip after US data

Silver was steady at $27.96 per ounce, palladium slipped 0.5% to $2,763.87, while platinum edged 0.1% lower to $1,150.31.

Published 11 Jun, 2021 11:10am

Markets

Gold subdued as markets await for ECB decision, US data

The ECB policy decision is due at 1145 GMT. The central bank is all but certain to maintain a generous flow of stimulus when policymakers meet.

Published 10 Jun, 2021 12:26pm

Markets

Spot gold may retreat into $1,864-$1,877 range

The failures indicate an extension of the correction from the June 1 high of $1,916.40. Three waves make up the correction. The third wave labelled c is unfolding.

Published 09 Jun, 2021 12:22pm

Markets

Gold firms on lower bond yields; US data, ECB meet in focus

A global equity benchmark and two key European stock indexes touched new highs on Tuesday.

Published 09 Jun, 2021 12:19pm

Markets

Gold eases on firmer dollar as focus shifts to US inflation data

"I expect gold to jump around in a choppy $1,860 to $1,900 range this week, with last week's high at $1,917 an ounce unlikely to be retested this week."

Published 08 Jun, 2021 11:05am

Markets

Spot gold may retreat into $1,864-$1,877 range

A break above $1,898 could lead to a gain into $1,911-$1,919 range.

Published 07 Jun, 2021 11:30am

Markets

Asia Gold-India market still muted, China flips to discount

China premiums rise to as much as $20-$50/oz.
China COVID-19 resurgence seen affecting gold manufacturers.
Singapore premiums at $1.2-$1.7/oz, Hong Kong market muted.
Japanese prices between $0.25 discount to $0.30 premium.

Published 04 Jun, 2021 07:22pm

Markets

Spot gold may rise into $1,886-$1,898 range

A break below $1,853 may cause a fall limited to $1,843.

Published 04 Jun, 2021 10:52am

Markets

Spot gold's target range of $1,932-$1,953 intact

Up till now, a pullback towards a falling trendline has not occurred. The occurrence may be near $1,959.

Published 03 Jun, 2021 12:04pm

Markets

Spot gold still targets $1,932-$1,953 range

The shallow correction on the hourly chart seems due to a resistance at $1,921, which works as the last barrier towards $1,959.

Published 02 Jun, 2021 12:02pm

Markets

Gold retreats on firmer yields, stocks; US data in focus

Market participants' focus this week will be on US payrolls data due on Friday that can shed more light on global economic recovery.

Published 02 Jun, 2021 12:00pm

Markets

Spot gold may rise into $1,932-$1,953 range

It is not very clear if the metal could break $1,921 in its current attempt.

Published 01 Jun, 2021 11:44am

Markets

Spot gold may test resistance at $1,919

This former resistance has turned into a strong support, which serves as a limit to a correction from the current level.

Published 31 May, 2021 11:33am

Markets

Asia Gold-Indian jewellers stay shut as lockdowns stifle demand

Singapore premiums were little changed at $1.2-$1.7.

Published 28 May, 2021 04:33pm

Markets

Gold subdued as dollar, yields tick up ahead of US inflation data

Investors now await the monthly US personal consumption report due later in the day.

Published 28 May, 2021 11:40am

Markets

Gold eases off 4-1/2-month peak as dollar, yields rebound

South Korea's central bank kept monetary policy unchanged on Thursday as a surge in coronavirus cases threatened an export-led economic recovery.

Published 27 May, 2021 11:55am

Markets

Spot gold may fall to $1,859

Signals will turn neutral if the metal breaks an immediate resistance at $1,884. Only a further gain above $1,893 could confirm the continuation of the uptrend towards $1,921.

Published 25 May, 2021 11:21am

Markets

Spot gold signals mixed

Support is at $1,859, a break below which could cause a fall into the $1,830-$1,847 range. On the daily chart, the metal is struggling around a resistance at $1,874.

Published 21 May, 2021 12:17pm

Markets

Spot gold may retest resistance at $1,893

The metal has broken a lower resistance at $1,875. The break confirms an extension of the wave C from $1,755.81. Most likely, this wave could travel to $1,921.

Published 20 May, 2021 12:57pm

Markets

Gold holds below 4-month peak as dollar, Treasury yields rebound

As the dollar firmed and US Treasury yields rose after the release of the minutes from the Federal Reserve's last monetary policy meeting.

Published 20 May, 2021 11:35am

Markets

Spot gold may retreat to $1,816 before rising

The consolidation could be due to a surge from the May 5 low of $1,769.20, which has run too fast to sustain.

Published 12 May, 2021 12:21pm

Markets

Spot gold may retest resistance at $1,847

It is rising toward a falling trendline, which establishes a resistance around $1,850.

Published 11 May, 2021 12:18pm

Markets

Spot gold may test resistance at $1,847

A break above the trendline would be a major victory of bulls, as it confirms a reversal of the downtrend from $2,072.50.

Published 10 May, 2021 11:14am

Markets

Spot gold may test resistance at $1,830

On the daily chart, gold is rising towards a falling trendline, which suggests a target around $1,850.

Published 07 May, 2021 11:29am

Markets

Gold set for best week in 6 months on softer dollar, yields

Spot gold may test a resistance at $1,830 per ounce, a break above could lead to a gain to $1,847, according to Reuters technical analyst Wang Tao.

Published 07 May, 2021 11:28am

Markets

Spot gold may retest resistance at $1,802

On the daily chart, a retracement analysis reveals a similar resistance at $1,799, the 61.8% level.

Published 06 May, 2021 11:55am

Markets

Gold subdued on firmer dollar; focus on US jobs report

Lower interest rates decrease the opportunity cost of holding non-yielding bullion.

Published 06 May, 2021 11:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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