The gold market continues to trade near session highs as Federal Reserve Chair Jerome Powell reiterated his stance that interest rates will have to be higher for longer, but he provided little new guidance on monetary policy heading into year-end. Analysts have noted that the gold

The gold market is holding solid ground near its highest level in seven weeks even as 10-year U.S. bond yields push closer to 5%. Gold's resilience comes as the market continues to see lackluster investment demand with solid outflows in gold-backed exchange-traded products. In the

Gold prices are continuing the climb higher that began with the outbreak of the latest round of hostilities between Israel and Hamas on Oct. 6. The precious metal’s spot price has gained over $162 in the last two weeks, hitting a high just under $1,978 on Thursday afternoon. Oil

The U.S. housing market could be showing early signs of stabilizing as sales activity of existing homes falls to its lowest level since June 2020. Existing home sales declined by 2% last month to a seasonally adjusted and annualized rate of 3.96 million units, compared to August's

Bangladesh Bank (BB) is optimistic that the second tranche of the US$4.7 billion loan, which amounts to $681 million, will be approved by the IMF during its board meeting on December 11. BB Spokesperson Mezbaul Haque was briefing media following a meeting with the visiting review team

QatarEnergy has signed a 27-year long-term liquefied natural gas sale and purchase agreement with supermajor Shell for the supply of up to 3.5 million tonnes per annum (tpa) of LNG from Qatar to the Netherlands. European players have signed multiple LNG deals this year with Middle East

Commerce Minister Tipu Munshi on Tuesday (October 17) claimed that about 40 million people of Bangladesh enjoy a lifestyle akin to Europeans, as they have the capacity to access and afford quality products. He made the remark at a function held at the International Convention City

Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market. In a post late Monday on his account on the Weibo social media platform, Cook said he had visited

The gold price in the local market has jumped by Tk 1,167 to record Tk 1,00,544 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Sunday (October 15). The new price has been set in

Commerce Minister Tipu Munshi Today (October 15) said the imported eggs would arrive in Bangladesh within the next three to four days. He said this after inaugurating the sale operations of TCB's commodities at subsidised rate among one crore family card holders through programme

Trading Corporation of Bangladesh (TCB) will start selling commodities items at subsidized rates among one crore family cardholders across the country tomorrow (October 15). Commerce minister Tipu Munshi will formally inaugurate the programme at Dhanmondi Lake, Dingi, Road No 8/A

An independent evaluation process has confirmed that there is a high degree of interoperability between the Responsible Gold Mining Principles and the Responsible Gold Guidance.   The Responsible Gold Mining Principles (RGMPs) – developed by the World Gold Council – is

With the Federal Reserve at the end of its tightening cycle, the vice-grip that monetary policy has exerted on gold through most of 2023 is starting to weaken, giving the market room to run. After hitting a seven-month low last Friday, the precious metal is seeing its best weekly gains

Gold and jewellery traders will keep their shops closed across the country on Sunday (Oct 22) due to Durga Puja, the largest religious festival of the Hindu community. Bangladesh Jewellers Samity (BAJUS) issued a press release on Saturday in this regard. The association requested

Mentioning various measures of the government to address macroeconomic challenges, the International Monetary Fund (IMF) has observed that Bangladesh economy is on the right track. "I think, the economy is on right track in terms of meeting the objective of programme, getting

The gold price in the local market has jumped by Tk 2,333 to record Tk 99,377 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Wednesday (October 11). The price of 22-carat gold is

A 22-day government ban on catching, selling, hoarding and transporting hilsa will come into effect from midnight (Thursday) to save mother hilsa during peak breeding season.  The ban will continue till November 02 this year.  On September 20, Fisheries and Livestock

Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories are not oil producers but

Bashundhara Group Vice Chairman Safwan Sobhan has greeted ATM Tariquzzaman, newly-elected Managing Director (MD) of Dhaka Stock Exchange (DSE). On behalf of Safwan Sobhan, Bashundhara Paper Mills Company Secretary M Mazedul Islam handed over a bouquet to DSE MD at the latter's

Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. The crisis fanned concerns about supplies of crude from the region at a time when supply worries are