The likelihood of the Federal Reserve raising interest rates in September has significantly increased. This shift in market expectations is primarily fueled by a sharp rise in crude oil prices, which could contribute to inflationary pressures. Investors are now bracing for tighter monetary policy from the US central bank. This development could strengthen the US dollar and potentially put downward pressure on international gold prices, impacting local rates and USD/PKR.
بحوالہ / Source: www.cnbc.com