China s bid to boost the renminbi has led to a surge in domestic gold prices and put a strain on the currency, prompting the PBoC to strengthen its currency as gold demand remains robust. Anticipation is high for another surge in demand ahead of its traditional bridal festivities in October.
The FTSE 100 rebounded from yesterday s decline and closed the shortened trading week up 0.34%. The London blue-chip index was helped by a buoyant basic-resource and energy sector, with BP and.
FTSE 100 Bounces Back Amid Rising Oil, Copper Prices morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The price of petrol and high-speed diesel is estimated to rise by about PKR 9-10 per litre and PKR 18-20 per litre, respectively on August 31. Furthermore, the price of kerosene is slated to rise by about PKR 13 per litre, based on existing tax rates and import parity price, particularly due to currency depreciation and slight increase in international oil prices, the Dawn report said.