Spot gold eased 0.5% to $4,027.54 per ounce, down over $130 from its two-week high on Wednesday. Brent crude surged 7% to over $100 a barrel, stoking inflation concerns and bolstering expectations for higher interest rates. Investors are focused on next week's US Federal Reserve meeting, with traders pricing in an 81% chance of a September rate hike. This global pressure could lead to further softening of international gold rates, potentially influencing local gold prices and the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com