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New Straits Times
22-05-2025
- Business
- New Straits Times
MARKET PULSE AM MAY 22, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia's 30-stock index opened lower today, mirroring Wall Street's slump amid growing concerns that the new US budget will further strain an already massive deficit. With no fresh catalysts in sight, the benchmark FBM KLCI is expected to remain in consolidation mode, likely oscillating between the 1,540 to 1,550 range today. In the cryptocurrency market, Bitcoin rose to RM467,087 as risk sentiment continues to improve after last month's tariff-induced sell-off. Ethereum showed a positive trend, rising to RM10,988, while Solana traded at RM741. That's it for Market Pulse.
Express Tribune
06-02-2025
- Business
- Express Tribune
Gold prices decline in local and global markets
Listen to article Gold prices have witnessed a decline in both international and local markets on Thursday. In the international bullion market, the price of gold per ounce dropped by $9, reaching a level of $2859. Locally, the price of gold also experienced a decrease. The price of one tola of gold fell by Rs900, bringing it to Rs298,700. Similarly, the price of 10 grams of gold decreased by Rs772, now standing at Rs256,087. The decline in gold prices has been observed amid fluctuating global market conditions, which have affected gold's value across various regions. Earlier, the price of gold surged significantly in Pakistan , with per tola rates increasing by Rs5,300 to hit a record Rs299,600, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). US President Donald Trump's rhetoric and escalating trade tensions between the United States and China fueled panic among investors, driving them to seek refuge in gold. As a result, gold prices reached an all-time high on Wednesday. The significant increase in gold prices was primarily attributed to fears of a potential new trade war. This escalation began when Beijing imposed tariffs on US imports in retaliation for new American duties on Chinese goods. Additionally, Trump's statement about the US 'taking over' the Gaza Strip contributed to these concerns.
