Barrick Mining’s board is reviewing all aspects of a gold and copper project in Balochistan region, including capital allocation, due to security concerns, CEO Mark Hill said during a post-earnings call. Barrick said the decision has been taken after the recent escalation of security risks and a rise in security incidents in the province. The miner added the review of the Reko Diq project’s
Bitcoin made a 16-month low and tested key $60,000 support on Friday, as a global selloff in technology stocks deepened and washed out risky bets across asset classes. The world’s largest cryptocurrency was last up 1.64% at $64,153.24 in volatile trade, swinging between gains and losses after having hit a low of $60,008.52 earlier in the session. That marked its weakest since October 2024, a
Gold and silver recouped early losses on Friday, but were headed for a second straight week of declines as a global rout in tech equities and a stronger US dollar wiped out gains made by the metals during a brief rebound earlier this week. Spot gold rose 0.4% to $4,790.80 per ounce by 0224 GMT, but was down 1.4% for the week. U.S. gold futures for April delivery fell 1.7% to $4,806.50 per ounce
US crude futures rose slightly on Friday but were on track for their first weekly drop in seven weeks as supply concerns eased, and investors focused on the outcome of US-Iran nuclear talks in Oman later in the day. Brent crude futures rose 25 cents, or 0.4%, to $67.80 a barrel at 0353 GMT, while the US West Texas Intermediate crude was also up 25 cents, or 0.4%, at $63.54 a barrel. The benc
Buying continued at the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 Index gaining over 1,150 points during intra-day trading on Wednesday. At 10:50am, the benchmark index was hovering at 188,067.12, up by 1,166.39 points or 0.62%. On Tuesday, buying momentum continued at the PSX as the KSE-100 Index closed the day higher by 1%. Asian stocks were on shaky ground