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NEWS

CRUDE OIL NEWS

Oil prices hold near seven-month lows, glut keeps dragging

Last Update 10:00 AM | 22.06.2017

West Texas Intermediate crude futures were down 1 cent at $44.19 a barrel. They declined 54 cents, or 1.2 percent in the previous session, to settle at $44.20 per barrel, the lowest close since Nov. 14. The July contract will expire on Tuesday and August will become the front-month.

GOLD NEWS

Gold Inches Higher After 5-Wk Low As Dollar Gains On Rate Hike Views

Last Update 10:00 AM | 22.06.2017

Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank's hawkish stance. World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official.

SILVER NEWS

Silver! Metals Stocks Are Not Done Going Up

Last Update 10:00 AM | 22.06.2017

Since the early 1970s, the public has been captivated by silver and for a good reason. In the '70s commodity boom, gold went from $100/oz to over $800 or an eight-fold increase. Silver on the other hand went from around $1.60/oz to an eye-popping $50/oz. Precious metals have been in a funk since late 2011 as global turmoil and tensions have failed to stir the bull, and inflation fears have been replaced with deflation realities.

TOLA GOLD NEWS

Govt raises gold-buying price

Last Update 10:00 AM | 22.06.2017

GOVERNMENT has raised its gold-buying price and reduced royalty charges for artisanal miners from 5% to 1% as part of efforts to discourage the smuggling of the precious mineral outside the country.

EURUSD NEWS

EUR/USD likely poised for further breakdown on dollar rebound

Last Update 10:00 AM | 22.06.2017

On the back of last week’s interest rate hike and hawkish-leaning statement by the Federal Reserve, New York Fed President William Dudley on Monday provided the markets with yet another vote of confidence that recently lagging inflation would pick up, justifying higher interest rates going forward.

SHARES NEWS

PSX commences week on negative note

Last Update 10:00 AM | 22.06.2017

The Pakistan Stock Exchange (PSX) commenced the week on a negative note, with the benchmark KSE-100 Index shedding 265 points on the back of profit-taking. The index slipped 0.57 per cent to touch 46,593 points by the end of Monday's session. The benchmark tested the day's high at 47,083 points within the first 10 minutes of the session, but fell rapidly after.

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