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Finance & Markets

Gold price rises Rs7,900 per tola in Pakistan

Gold prices in Pakistan rose sharply on Wednesday, following a strong increase in the international market. The price of gold reached Rs457,236 per tola after gaining Rs7,900 during the day. The All-Pakistan Gems and Jewellers Sarafa Association shared the latest rates. According to the association, 10-gram gold reached Rs392,006. The price increased by Rs6,773 for […]

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Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

Hong Kong will expand the use of the yuan in areas including gold trading and cross-border payments, as policy blueprints call for the city’s biggest push yet to internationalise the Chinese currency. Chief Executive John Lee Ka-chiu on Wednesday devoted part of the city’s first five-year plan and his annual policy address to developing a…

Government fuelled financial bubble, forecaster Dent says

Harry Dent warns that massive government stimulus has inflated asset prices, risking a tougher market downturn ahead.

  • Government intervention caused latest financial bubble, claims Harry Dent
  • Bubble may lead to severe panic selling and deflationary downturn
  • Gold's price surged from $1,600 to $5,600 in three years, Dent says

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