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After remaining unchanged in the previous session, gold prices witnessed a massive fall in Pakistan on Saturday in line with a decrease in the international rate. In the local market, gold price per tola stood at Rs239,400 after a single-day decline of Rs3,600. The 10-gram gold was sold at Rs205,247 after it registered a decrease of Rs3,086, according to ...
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Further reductions of European Central Bank borrowing costs may risk a stronger impact on the euro exchange rate and inflation, according to Governing Council member Robert Holzmann. “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an impact on the exchange rate, and with it ...