In other words, when the value the US dollar is strong, gold prices go down. Related, the strength of major economies also has an inverse relationship to the price of gold - at least when an economy has a significant downturn. All of this is due to the “safe haven” status gold has...
— AFP/Files KARACHI: Foreign investors have purchased a net $186 million in Pakistan’s short-term government debt securities so far this fiscal year, despite declining returns amid monetary easing by the State Bank of Pakistan (SBP)... read more PIB yields drop 19-56bps on rate cut expec...
The ‘monster monsoon’ in Pakistan has propelled Mohenjo-daro, the archaeological site situated in Sindh province, to the “brink of extinction”. Significance of Mohenjo-daro. Situated 80 kilometres southwest of Sukkur city, Mohenjo-daro is a 5,000-year-old archaeological site. The site contain...
This excessive extraction of groundwater has shifted the Earth’s axis of rotation at the rate of 4.36 cm per year towards the east. Impact The shift is not significant enough to have real-life consequences. Mass change on the equator or pole cannot affect change in the rotational pole. Rot...
Ravi: The name of the river in Pakistan on whose banks Gurdwara Darbar Sahib Kartarpur is located which is in the news recently for construction of special corridor. Officials from Pakistan and India recently held a meeting to discuss the modalities for a corridor linking Dera Baba Nanak shrine...
The U.S. dollar rose for a fifth straight day against the Japanese yen, hitting a five-year high as investors viewed the Omicron variant as not likely to derail the global economy or delay the Federal Reserve's expected rate hikes. A rise in U.S. Treasury yields on expectations for a...
The U.S. dollar rose for a fifth straight day against the Japanese yen, hitting a five-year high as investors viewed the Omicron variant as not likely to derail the global economy or delay the Federal Reserve's expected rate hikes. ...
For example, the current spot gold price for 1 gram of gold would be converted into Indian Rupees according to the current exchange rate. How is the current price of gold per ounce determined? There are many factors that contribute to the current price of gold. Chief among these factors is...
In March 2020, oil prices fell at the fastest rate in the last 20 years with a monthly drop of nearly $27 billion, reaching the lowest point in the last 19 years (Barbuscia and Rashad 2020). In 2020, Saudi Arabia started also a price war with Russia following the fallout in the OPEC...
(Real) against the US dollar and the increase in the supply of fuel in the country are the main reasons for this growth. Consequently, the balance between exports and imports of ethanol showed a surplus of 238.57 million liters, i.e., USD 286.06 million in value (CONAB-Companhia Nacional...