Gold prices eased on Tuesday as the US dollar held firm, while markets focused on upcoming US inflation prints for fresh signals on the Federal Reserve’s interest-rate trajectory. Spot gold fell 0.2% to $4,164.45 per ounce by 0201 GMT after hitting a one-week peak on Monday. US gold futures for December delivery fell 0.1% at $4,187.90. The US dollar lingered near an 18-month high scaled
Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Brent crude futures fell $1.30, or 1.2%, to $105.35 a barrel by 0329 GMT, while US West Texas Intermediate crude futures were down $1.25, or 1.3%, at $92.49 a barrel. Both be
As the government seeks to diversify its funding sources, Pakistan plans to return to China’s domestic bond market for further yuan-denominated borrowing and is exploring the possibility of issuing yen-denominated bonds in Japan, Finance Minister Muhammad Aurangzeb said in an interview to Nikkie Asia. Pakistan issued its first panda bond worth 1.75 billion yuan ($261 million) in mid-May under a
Federal Minister for Commerce Jam Kamal Khan called for expediting regulatory approvals for Pakistani pharmaceutical companies seeking access to the Ethiopian market, as Pakistan and Ethiopia discussed expanding bilateral trade, investment and economic cooperation. The discussions took place during a meeting with Ethiopian Ambassador to Pakistan Dr Oumer Hussein Oba, who called on the minister
Pakistan stock market's extraordinary rally from around 40,000 to beyond 180,000 in 2.5 years from June 2023 to January 2026 reflected improving fundamentals (from low 3.5x price-to-earnings (P/E), liquidity (rate cut from 22% to 11.5%), sentiment and diplomatic goodwill. Much good news arrived – and was priced in remarkably quickly. After roughly eight frustrating months, investors are questionin