Gold prices under pressure from strong dollar, high yields

Gold prices remained largely stable in global markets on Friday but have fallen more than 2% this week, pressured by a stronger US dollar and higher yields on US government bonds.The decline puts gold on track for a second consecutive weekly drop as investors await a key US employment report for clues about the Federal Reserve's likely path on interest rates.As of 0419 GMT on Friday, spot gold was little changed at $4,184.45 per ounce. The precious metal has fallen more than 2% so far this week. Meanwhile, US gold futures rose 0.3% to $4,214.70 per ounce.The US dollar is on track to post a weekly gain, making dollar-denominated gold more expensive for buyers using other currencies. At the same time, yields on 10-year and 30-year US Treasury bonds rose on Thursday to their highest levels since 2002.Market participants are closely watching expectations for US interest rates as well as geopolitical developments in the Middle East, according to a senior financial market analyst.The US ...

ADB, Modern Syntex ink $50m loan to expand energy-efficient Polyester Chips production in

Business DeskThe Asian Development Bank (ADB) and Modern Syntex Limited (MSL) today signed a $50 million loan for the Modern Energy-Efficient Polyester Chips Manufacturing Project in Bangladesh.The financing will support MSL's expansion of polyester chips production capacity from 107 tons to 407 tons per day and refinance short-term local working capital loans. The expanded facility will produce high intrinsic viscosity polyester chips used in higher-value textile and apparel products."...

Twelve Clothing unveils Durga Puja 2026 collection blending tradition and modernity

Staff CorrespondentBangladeshi fashion brand Twelve Clothing has unveiled its Durga Puja 2026 collection, bringing together traditional motifs and contemporary silhouettes for festive dressing across generations.Inspired...

Illegal hawkers to face seizure, cases: DSCC Administrator

Dhaka South City Corporation (DSCC) Administrator Md Abdus Salam has warned that hawkers occupying roads and footpaths outside designated areas will face eviction, seizure of their goods and legal action.He made the remarks while speaking to journalists after inspecting cleanliness activities, the eviction of illegal roadside occupants and public sufferings in the capital’s Dhalpur area on Thursday.The DSCC administrator said the city corporation had designated specific footpaths and areas for hawkers to operate.“Strict action will be taken against hawkers who illegally occupy any footpath, including the main road from Zero Point to Sadarghat, outside the designated areas,” he said.He said all hawkers in Dhaka would have to operate in an organised manner and register with...

PM’s UNGA visit uplifted Bangladesh’s dignity abroad: Humaiun

Bangladesh suffer 9-2 drubbing against Indonesia

Bangladesh ended their FIFA ASEAN Cup campaign on a disappointing note, suffering a heavy 9-2 defeat to hosts Indonesia in their final Group A match at Gelora Bung Karno Stadium in Indonesia today (Thursday).Indonesia dominated the match from the outset and secured a commanding victory, finishing the group stage with seven points from three matches. Bangladesh ended their campaign without a point.Le Baker opened the scoring in the 11th minute, converting a pass from Ole Romeny before doubling the lead nine minutes later following a goalmouth scramble.Rizky Ridho then set up Indonesia's third goal in the 32nd minute.Bangladesh pulled one back in the 36th minute when Shahriar Emon headed home from close range off Shuki's cross.However, Le Baker restored Indonesia's three-goal cushion just a minute later by completing his hat-trick.He added his fourth in the 42nd minute before Justin Hubner headed home Indonesia's sixth in first-half stoppage time.Indonesia continued their dominance after the break, with Luke Vickery making it 7-1 in the 90th minute.Bangladesh reduced the deficit again a minute later as substitute Farhaan Ali scored their second goal.Kevin Diks restored Indonesia's seven-goal advantage by making it 8-2 in the sixth minute of stoppage time, while Le Baker completed his five-goal haul and Indonesia's 9-2 victory in the seventh minute of added time.Bangladesh had already been eliminated from the tournament after losing 3-0 to Malaysia in their opening Group A match and 1-0 to Singapore in their second game, reports BSS....

Law and order: No room for impunity

The vandalism at content creator Salman Muqtadir’s BrownFish Studio in Dhaka’s ECB Chattar and the subsequent destruction of the Radda MCH-FP Centre in Mirpur raise a much larger question ...

Justice for July: Now the verdict must be enforced

The International Crimes Tribunal-2’s verdict sentencing Awami League General Secretary Obaidul Quader and six other senior leaders to death over crimes against humanity during the July-August 2024 mass uprising marks a significant moment in th...

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