Benchmark copper on the LME rose 0.32% to $13,688.5 a metric ton as oil prices tumbled following a suspension of US-Iran hostilities. This lull eased fears about price pressures and global economic growth, with hopes for a diplomatic solution allowing shipping to resume in the Strait of Hormuz. Additionally, unusual storms in Chile, a major copper producer, raised questions about production guidance. For Pakistan, falling oil prices could potentially ease imported inflation pressures, indirectly supporting the PKR and potentially moderating local gold demand.
بحوالہ / Source: www.brecorder.com