Gold price drops nearly 8% since February 1
On February 1st, the Pakistani rupee saw a decrease of 8 percent in its value against the US dollar due to a decrease in demand and international prices of gold. According to figures shared by the All Pakistan Jewellers and Goldsmiths Association, the price of gold per tola declined from its highest level of Rs. […]
Gold tiptoes higher as investors focus on Fed minutes
Gold prices rose marginally on Wednesday, as investors awaited minutes of the US Federal Reserve’s latest policy meeting to assess prospects of further interest rate hikes. Spot gold was up 0.1% at $1,835.40 per ounce, as of 0334 GMT. US gold futures firmed 0.1% to $1,845.10. Bullion is seen as a hedge against inflation, but […]