International crude oil prices surged to $100 per barrel amid escalating Middle East geopolitical tensions, driving up global borrowing costs and fostering cautious market sentiment. Pakistan's Sensitive Price Index (SPI) also rose 9.66% year-on-year for the week ending July 23. Elevated oil prices and domestic inflation could pressure the Pakistani Rupee, potentially increasing gold's appeal as a safe-haven asset.
بحوالہ / Source: www.dawn.com