Wednesday, 27 Nov, 2024

Business

Gold price hits record Tk 1,09,875 a bhori

Jewellers hiked gold prices by Tk 1,750 per bhori today (November 26) which set a new record, with each bhori now priced at Tk 1,09,875 in Bangladesh. The new price will be effective from Thursday (Tomorrow), said a press release of the Bangladesh Jewellers' Association (BAJUS)

Gold price slightly up but bulls pressing on the accelerator

Gold and silver prices are just a bit higher in early U.S. trading Wednesday. February gold futures hit a six-month high overnight, while March silver notched a three-month high. The two precious metals are being boosted by increasingly bullish near-term technical postures. A recently

Gold prices and rate cut expectations rise after Fed's Waller says he sees inflation falling in Q4

Federal Reserve Governor Christopher Waller has given gold prices a boost on Tuesday after a speech in which he listed several indications that inflation was indeed continuing to retreat back toward the central bank’s 2% target. Speaking at the American Enterprise Institute,

Rights body demands probe into Rongdhanu Group Chairman’s loan scam

The human rights body Protection For Legal and Human Rights Foundation (PLHRF) on Wednesday (November 29) demanded a proper investigation into a loan scam of Tk 270 crore by Rongdhanu Group Chairman Rafiqul Islam. PLHRF also demanded to look into money laundering, embezzlement of bank

Saudi Arabia to Host World Expo 2030

Saudi Arabia's Riyadh has won the right to host the 2030 World Expo, vote results showed, in another diplomatic victory for a Gulf country after the Qatar football World Cup last year. South Korea's Busan and Italy's Rome were also in the running to host the world fair, a

Climate change already reducing global GDP: Report

Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. The report by the University of Delaware estimated that impacts from human-caused climate

Gold scales 6-month peak on softer dollar, Fed pause bets

Gold prices climbed a six-month peak on Monday, supported by a weaker U.S. dollar and on bets that the Federal Reserve is done with its interest rate hike cycle, while the focus shifted to U.S. inflation data due later this week. Spot gold was up 0.5% at $2,010.99 per ounce by 0758

Rupayan City to develop smart-gated community

Rupayan City is set to introduce the country’s first smart-gated community under a project titled “Rupayaan North South City” in Bashundhara Residential Area of the capital. Local architectural firm Shatotto and Malaysian architectural firm ArchiCenterSdn Bhd have

Gold price hits record Tk 1,08,125 a bhori

Jewellers hiked gold prices by Tk 1,749 per bhori today (November 26) which set a new record, with each bhori now priced at Tk 1,08,125 in Bangladesh. The new price will be effective from Monday (Tomorrow), said a press release of the Bangladesh Jewellers' Association (BAJUS) today

Wall Street analysts share retail investors' bullish sentiment on gold prices

Gold breached $2,000 per ounce multiple times this week, and prices hovered around that level Friday afternoon as U.S. traders roused themselves from their tryptophan-induced Thanksgiving torpor and returned to metals markets. The latest Kitco News Weekly Gold Survey sees retail

Gold prices holding above $2,000 as US flash PMI provides muddled economic outlook

Gold prices are holding near session highs above $2,000 an ounce as preliminary indicators point to a further contraction within the manufacturing sector and neutral activity in the service sector. Friday, the S&P Global Flash U.S. manufacturing PMI data fell to 49.4, down from

Neglected gold trade: Why wealth advisors, hedge funds & investors are about to flock to gold in a major way - Tavi Costa

As mainstream, leading financial institutions like Goldman Sachs downplay the likelihood of a U.S. recession in 2024, Tavi Costa, Partner and Macro Strategist at Crescat Capital, warns of a starkly different outlook. There is a profusion of macro indicators that point to a hard-landing

Gold price struggles to capitalize on intraday gains amid US Thanksgiving holiday

Gold price (XAU/USD) catches fresh bids on Thursday and sicks to its modest intraday gains through the first half of the European session, albeit tlacks follow-through.  The precious metal remains below the $2,000 psychological mark session, warranting caution for bullish traders

Gold up on weaker dollar as investors wager on Fed rate path

Gold prices edged up on Thursday as the U.S. dollar ticked lower, but bullion lacked impetus as investors remained on the sidelines in holiday-thinned trading with uncertainty around the Federal Reserve's rate path. Spot gold was 0.1% higher at $1,991.70 per ounce at 1308 GMT,

Coats Group PLC named as one of the World's Best Workplaces

Coats Group PLC announces that it has been named one of the World's Best Workplaces 2023.  Fortune and Great Place to Work® annually select the top 25 companies that are dedicated to creating exceptional workplace cultures. The team at Coats has been recognised for its

Binance chief pleads guilty to money laundering charges

The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself", he said in a post on X. The Justice Department

Gold's fear trade has officially peaked as hedge funds ditch their bullish bets

Although inflation pressures are easing and a weakening economy is starting to cool down the labor market, analysts have said that the Federal Reserve still isn't ready to shift its tightening bias, which is keeping hedge funds out of the gold market. The latest trade data from the

Apple, Disney, IBM pull ads from X over antisemitic material

Apple, Disney and Warner Bros. Discovery on Friday became the latest big companies to pause advertising on X, formerly Twitter. Film studio Lionsgate also said it was pausing advertisements on X. A slew of large companies have pulled advertising dollars from Elon Musk's company

Gold price hits record Tk 106,376 a bhori

Jewellers hiked gold prices by Tk 1,750 per bhori today (November 18) which set a new record, with each bhori now priced at Tk 1,06,376 in Bangladesh. The new price will be effective from Sunday (November 19), said a press release of the Bangladesh Jewellers' Association (BAJUS)

Cyclone Midhili: Launch service resumes in Barisal

Launch services between Barishal and other parts of the country resumed on Saturday (November 18) morning as it remained suspended due to cyclonic storm Midhili. Abdur Razzaque, river port official of Bangladesh Inland Water Transport Authority (BIWTA) confirmed the matter.