SINGAPORE: Gold slipped 1 percent in volatile trade on Wednesday as the U.S. dollar regained strength on doubts over the progress of Europe's efforts to tackle the region's debt crisis, while this week's brutal correction also kept investors at bay.
SINGAPORE: Oil and gold led gains in commodities in Asia on Tuesday as investors bet Europe's plan to shore up banks would reduce the risks of a widespread banking crisis in the euro zone, prompting investors to reduce holdings of the U.S. dollar.
KARACHI: Pakistan gold rates continuously falling in major bullion markets of the country following decline in the international gold markets as European countries are striving hard to stimulate the economy.
SINGAPORE: Gold jumped more than 1 percent on Friday after Germany approved the expansion of the euro zone bailout fund, offering temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.
Pakistan refinery sector production fell by 18 percent 2MFY11-12
Pakistan refinery sector production fell by 18 percent as it stood at 1.2 million tons in first two months of fiscal year 2011-12 (2MFY11-12) as compared to 1.4 million tons in the corresponding period last year.
However, in the month of August, Pakistan's refinery production slashed by 28 percent month on month (MoM).
SINGAPORE: Brent crude rose above $104 a barrel on Friday on positive economic news, but prices this quarter remain on track for their biggest drop in 15 months on concerns that a slowing global economy will undercut fuel demand.
SINGAPORE: Gold rose further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the metal, but a firm U.S. dollar could cap gains.
SINGAPORE: Brent crude held above $102 after surging in the previous session as pessimism about weaker demand was outweighed by a surprise drawdown of U.S. inventories and concerns that Libya's largest oilfield could be damaged.
SINGAPORE: Oil was headed for a weekly gain on Friday after central banks launched coordinated action to boost European bank funding, easing concern about falling oil demand from industrialised consumers.
KARACHI: Gold rates in Pakistan dropped on Thursday in major bullion markets of the country as the metal continued its downward trend in the international markets.
SINGAPORE: Gold slipped more than 1 percent on Friday, heading for its biggest weekly drop since March 2009, as stock markets gained and the euro rose after major central banks around the world strived to fight the debt crisis in Europe.
SINGAPORE: Brent crude slipped below $112 a barrel on Monday as Europe stumbled over attempts to solve the euro zone debt crisis, strengthening investor fears commodity demand growth may slow.
SINGAPORE: Spot gold gained 0.8 percent on Monday, extending a 1.2-percent rise in the previous session, as worries about a worsening debt crisis in the euro zone drove investors to seek safety in bullion.
NEW YORK: Global equities rose for a fourth straight day on Friday, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.
SINGAPORE: Gold prices hovered around $1,800 an ounce on Wednesday, as worries about a worsening euro zone debt crisis supported the safe-haven sentiment, while investors awaited the conclusion of a U.S. Federal Reserve policy meeting for trading cues.
NEW YORK: Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.