Brent and US crude futures are set for over 11% weekly gains, their largest since April, as US strikes against Iran intensify Middle East tensions. Spot gold also rose 0.4% to $3,985.64 an ounce, benefiting from renewed safe-haven demand. The US dollar remained steady, balancing receding Federal Reserve rate hike expectations with this increased demand for safety. Rising international oil prices could pressure Pakistan's import bill, potentially impacting USD/PKR rates and local inflation, while global gold strength typically supports local gold prices.
بحوالہ / Source: www.brecorder.com