Gold hit all time highs

Dhaka stocks make recovery in last week US stocks rise Friday, post best day Wednesday in eight weeks Band bonanza on upcoming Eid festival Gold breaks $1,250 an ounce, oil prices reach at $73.56 per barrel Japanese Yen hovers near 15-year highs against US dollar Call money rates stable last week Apex trade body hosts iftar party Friday Bank holiday Sept 7 IMF to provide $450 million assistance to flood-hit Pakistan Customs stations will remain open Sept 3, 4, 7

Stock Index (closing)

Aug 05, 2010

DSE	Up by 0.67% to 6575.39 points
CSE	Up by 0.21% to 12612.74 points

Exchange Rate

Aug.05, 2010

Currency	Buying	Selling
USD	68.80	69.80
GBP	108.73	111.84
EUR	89.86	92.78
JPY	0.80	0.83

Oil	$77.23/barel
Gold	$1165.85 /ounce
Silver	$17.60 /ounce

Thursday	2.50-3.0%
Wednesday	2.50-3.0%

Inter-bank forex

Wednesday's opening	Tk69.08-09
Tuesday's closing	Tk69.08-09

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	Azan	Jamaat
Fajr	4:20	4:55
Zohr	12:45	1:15
Asr	5:00	5:15
Maghrib	6:47	6:50
Esha	8:15	8:45

Gold hit all time highs

News

Dhaka, Bangladesh (BBN)- Gold futures reached a record high of US$ 1,233.75 per ounce on Wednesday as investors switched from currencies onto safe haven buying.

Gold prices were trading above $ 1,200 per ounce through the week, on the back of rising long term concerns over European sovereign debt.

On the other hand, crude oil started the week at $79.71 per barrel on the New York Mercantile Exchange, and weakened from a 19-month high last week, due to surplus oil stocks in US inventories and the rising strength of the greenback amid the European debt worries.

At the end of the week, oil prices dropped down to $ 75.52 a barrel.

BBN/SS/SI/AD-15May10-9:12 pm (BST)

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