Pakistan Gold StockExchange Bloomberg Coronavirus Lockdown Newsonepk
With the increase of Rs2,000, gold is now priced at Rs105,100 per tola, whereas the price of 10 grammes of gold bumped up Rs1,715 to Rs90,106.Data showing several US states seeing record infections and the death toll in Latin America passing 100,000, according to aGold shines, investors unnervedreported the European Union was prepared to bar US travelers because of the surge of cases, putting it in the same category as Brazil and Russia.
Positive sentiment was in short supply despite German business morale posting its strongest rise in June since records began. The Ifo institute said Europe’s largest economy should return to growth in the third quarter after the coronavirus pandemic hammered output in the spring. Against a backdrop of concerns over a weaker US dollar and that a jump in infections will lead to more stimulus measures, gold should remain on a reasonably constructive path, he said.
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