Spot gold rose 1.4% to $4,110.56 per ounce, with US gold futures up 1%, as a pause in US-Iran hostilities sent crude oil prices down over 4%. This de-escalation eased inflation concerns and weakened the US dollar by 0.3%, making gold more affordable. Investors are now focused on the upcoming Federal Reserve meeting, where rates are widely expected to remain unchanged. This international rally could support local gold and silver prices in Pakistan, though USD/PKR movement will also be a key factor.
بحوالہ / Source: www.brecorder.com