Australian Gold Stocks Fall Sharply Amid Weaker Bullion Prices & Mideast Tensions

Australian Gold Stocks Fall Sharply Amid Weaker Bullion Prices & Mideast Tensions

Australian shares saw their worst session in over two weeks, primarily due to a significant drop in mining and gold stocks. Gold stocks plunged 4.3%, their lowest since June 11, attributed to weaker international bullion prices. Escalating Middle East tensions also contributed to reduced risk appetite among investors. This international trend of weaker bullion prices could potentially influence local gold rates in Pakistan, depending on global market sentiment and USD/PKR dynamics.

بحوالہ / Source: www.brecorder.com