Brent crude oil prices surged 12.5% this week, reaching $86 a barrel on Friday, driven by intensifying hostilities between the U.S. and Iran. This rise occurred despite renewed Middle East tensions, which often fuel safe-haven demand. Separately, softer U.S. inflation data helped ease global concerns about potential interest rate hikes. This combination of factors could influence international gold prices and Pakistan's import bill, potentially impacting local gold and currency rates.
بحوالہ / Source: www.brecorder.com