Brent crude fell 4.6% to $92 a barrel as the US and Iran paused strikes, easing global oil supply concerns. Simultaneously, the likelihood of a 25-basis-point rate hike by the US Federal Reserve this week has risen to 36.3% from 12.8%. While the Fed is expected to hold rates, this shift in sentiment could strengthen the US dollar. For Pakistan, lower oil prices are positive for inflation and the economy, potentially easing pressure on USD/PKR, while a stronger dollar could weigh on international gold prices.
بحوالہ / Source: www.brecorder.com