Tag Archives: valuable

PRECIOUS-Gold prices rose higher due to a weaker dollar | Instant News


    March 1 (Reuters) - Gold edged higher on Monday, recovering
from an eight-month low touched in the previous session, as a
weaker dollar lifted bullion's appeal.
            
    FUNDAMENTALS
    * Spot gold        rose 0.3% to $1,739.31 per ounce by 0108
GMT, after hitting its lowest since June at $1,716.85 on Friday.
U.S. gold futures        gained 0.4% to $1,736.10.
    * The dollar        slipped from a one-week high hit in the
previous session, making gold cheaper for holders of other
currencies.       
    * Bullion, however, posted its worst monthly fall since
November 2016 in February due to rising U.S. Treasury Yields,
which increase the opportunity cost of holding non-yielding
gold.       
    * U.S. House of Representatives passed a $1.9 trillion
coronavirus relief package early Saturday.             
    * A global bond market rout saw government bond yields in
the United States, Germany and Australia ending February with
their biggest monthly rises in years.                          
    * The U.S. government on Saturday authorized Johnson &
Johnson's         single-dose COVID-19 vaccine, setting the
vaccine up for additional approvals around the world.
            
    * Speculators decreased their bullish positions in COMEX
gold and silver contracts in the week to Feb. 23, the U.S.
Commodity Futures Trading Commission (CFTC) said on Friday.
            
    * Physical gold demand in India gained momentum last week as
retail buyers and jewellers lapped up bullion at near
eight-month low prices, while Singapore continued to see steady
interest for both gold and silver.         
    * Silver        gained 0.3% to $26.71 an ounce, while
palladium        was up 1% at $2,340.69. Platinum        rose
1.1% to $1,202.00.    
    
DATA/EVENTS (GMT)
0855  Germany  Markit/BME Mfg PMI
0900  EU       Markit Mfg Final PMI
0930  UK       Markit/CIPS Mfg PMI Final
1300  Germany  CPI, HICP Prelim YY
1445  US       Markit Mfg PMI Final
1500  US       ISM Manufacturing PMI

 (Reporting by Shreyansi Singh in Bengaluru; Editing by Rashmi
Aich)
  

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PRECIOUS-Gold faces its worst week in 12 as US Treasury yields strengthened | Instant News


    Feb 19 (Reuters) - Gold prices fell to their lowest in
nearly three months on Friday and headed for their worst week
since end-November, as recent strength in U.S. Treasury yields
dented the non-yielding metal's appeal.
    
    FUNDAMENTALS
    * Spot gold        fell 0.4% to $1,769.26 per ounce by 0100
GMT, having touched its lowest since Nov. 30 at $1,765.35
earlier in the session. Prices have declined 3% so far this
week.
    * U.S. gold futures        slipped 0.5% to $1,766.40.
    * Benchmark U.S. Treasury yields edged higher, having hit a
near one-year peak earlier in the week. Higher yields increase
the opportunity cost of holding bullion, which pays no interest.
    * The dollar        was also set to mark a weekly gain,
making gold expensive for holders of other currencies. 
    * U.S. jobless claims unexpectedly increased last week,
raising the possibility of a second straight month of tepid job
growth despite declining new COVID-19 infections.            
    * Switzerland's monthly gold exports to India in January
reached their highest since May 2019, though exports to China
and Hong Kong remained at rock bottom, customs data showed on
Thursday.             
    * Silver        eased 0.6% to $26.86 an ounce, after falling
over 1.8% so far this week, its worst since mid-January. 
    * Platinum        slipped 0.7% to $1,266.09 and was on
course to mark its third straight weekly gain, while palladium
       shed 0.3% to $2,345.02.

DATA/EVENTS (GMT)
0700  UK      Retail Sales MM, YY                Jan
0700  UK      Retail Sales Ex-Fuel MM            Jan
0745  France  CPI (EU Norm) Final MM, YY         Jan
0815  France  Markit Mfg, Serv, Comp Flash PMIs  Feb
0830  Germany Markit Mfg, Serv, Comp Flash PMIs  Feb
0900  EU      Markit Mfg, Serv, Comp Flash PMIs  Feb
0930  UK      Flash Mfg, Serv, Comp PMIs         Feb
1445  US      Markit Mfg, Serv, Comp Flash PMIs  Feb
1500  US      Existing Home Sales                Jan

 (Reporting by Sumita Layek in Bengaluru; Editing by Devika
Syamnath)
  

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“I don’t blame anyone even after losing 10 years of my precious career,” said Fawad Alam | Instant News


Pakistani cricketer Fawad Alam. Photo: Screengrab via YouTube.

KARACHI: Pakistani middle class hitter Fawad Alam on Wednesday said he doesn’t blame anyone even after losing 10 years of his precious career because he was constantly neglected in the past, Geo.tv reported.

Speaking to reporters after his third hundredth Test in Karachi, the mid-level hitter said that whatever he went through was “only his destiny and nothing else.”

“I have never blamed anyone for not being elected in the past. I always believe in whatever fate awaits me. I never lost hope because I knew that there was always a light at the end of the tunnel, “he said.

“I don’t know what will happen if I play for Pakistan for many years. Maybe, I won’t get the respect I get from everyone today, “said the mid-level batsman.

The 35-year-old Batsman added that he was “grateful for whatever he has accomplished in his career.”

In response to a question, he said team management had given him the confidence to be in the middle and “express himself with complete freedom.”

“Misbah bhai“Our head coach, has given me confidence and when team management empowers you and gives you the confidence you need it definitely helps you do well for the team,” said Fawad.

“Younis Khan also helps us perfect our game. The best thing about Younis Khan being a batting coach is he will guide us according to our level, he will not be Younis Khan and vice versa, he will try to be at our level, “said Fawad.

Speaking about his round in Karachi, Fawad said it was “always good to score a century for your country,” adding that he was “satisfied that his score came at a time when his team needed it most.”

He said that his target, when he walked into the middle on the morning of the second day of the Karachi Test, was to stay for [as possible] and brings the score closer to South Africa’s total.

“It was a difficult situation for us after the end of the first day and in the morning we had a target that we had to bring our score closer to South Africa’s total. We tried to kill time in goal and fortunately, we managed to get ahead of South Africa, “he said.

“I am happy to be able to contribute to the struggle of my team,” he concluded.

Fawad scored 109 runs of 245 balls against South Africa at Karachi National Stadium – his home – while playing his first Test match at home.

Nature carried on her century by crushing six in mid-Keshav Maharaj in the over 90 innings.

This is Alam’s third century in the 14th round – the only Pakistani player to have scored his third Test century in fewer rounds than Alam is Azhar Mahmood, who scored his third goal in the 10th half.

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KMC does not need grants if it manages valuable assets properly, said the minister | Instant News



The Sindh local government minister said on Wednesday that if the Karachi Metropolitan Corporation (KMC) begins to properly manage the valuable assets it holds, the city entity will not need grants.

Syed Nasir Hussain Shah chaired an important meeting at the KMC headquarters to discuss the city development project. He said that appointing KMC administrators and district municipal companies had brought many improvements.

Shah said priority should be given to development projects that are already underway. He ordered an inspection of the project, and emphasized giving priority to important schemes in terms of completion. “If additional funds are needed, I will ask the chief minister to get a special fund.”

He directed Karachi Administrator Laeeq Ahmed to expedite the process of inspecting KMC’s low-priced leased assets and make the city’s charged parking system transparent to increase city agency revenues.

He said outdoor advertising options were allowed in other major cities in Pakistan but Karachi was still exploring them due to the lack of regulations to award contracts to advertising companies. He ordered the nomination of a focal person to prepare bylaws for advertising.

Shah said that several mega projects completed by his department, including the Drigh Road and Mehran subways, had not yet been submitted to KMC, and directed LG Secretary Najam Shah to hand them over to the city agency after completing all formalities.

The minister said that proper utilization of the available resources and the right strategy for it could solve KMC’s financial problems and help it make progress on track.

stability and development.

Other development projects under KMC, including infrastructure upgrades in the city, were reviewed during the meeting and future strategies were designed. The financial situation of the city agency and the availability of funds are also discussed.

The meeting was also attended by Deputy Commissioner for Southern District Irshad Ali Sodhar, Senior Director for Municipal Services KMC Masood Alam, Financial Advisor Afaq Saeed, Director General of Works & Services Shabih-ul-Hassan Zaidi, Special Secretary LG Najeeb Ahmed and Focal Person LG Minister for KMC Karamullah Waqasi.

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Heard the President of New Zealand Will Resign in September | Instant News


New Zealand Hearing President, Tony Rush, has just announced his intention to resign from that role on 15 September 2020. The recent decline in health means it is increasingly difficult for him to do full justice to that role.

Tony Rush – Hearing the President of New Zealand

“It’s better for someone younger and more energy to take over,” Rush said. “The past three and a half years as president has been an extraordinary challenge. The people I work with have been inspiring and fun, but I know it’s time to go. “

Board member Theona Blom from Rakaia will become interim president until the next RUPS in May 2021 and Colin Bond from Dannevirke, his deputy. Theona is a dairy farmer but an accountant and business analyst who qualifies in her home country, South Africa. He volunteered four years ago to become the Treasurer of the Christchurch Hearing Association as a way to give back to the community he adopted, and was immediately elected as a board member in New Zealand as a representative of the South Island.

“I am very confident that the new government team from September will do an extraordinary job to lead this extraordinary organization,” Rush concluded.

Both Blom and Bond would like to thank Tony for his service to Hearing New Zealand for the past few years. “Tony resigned when Hearing the President of New Zealand come with an incredible sense of loss, not only to his colleagues but also to the deaf community. In a relatively short period of time as President, he had led with wisdom and empathy. He has laid a strong foundation for Listening to New Zealand going forward. Tony, your wealth of knowledge and sense of humor will be missed. May our best wishes accompany you and your family “.

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