Gold prices dropped over 2% this week, impacted by escalating Middle East tensions that fueled inflation concerns and raised bets on higher interest rates. Brent crude oil surged past $100 a barrel for the first time since May following attacks on Saudi tankers, while the US dollar also ticked up. Copper, though ending the week higher, pulled back from mid-week peaks due to the worsening macroeconomic outlook. This global market volatility, particularly in gold, crude oil, and the dollar, could influence local gold and currency rates in Pakistan.
بحوالہ / Source: www.brecorder.com