Geopolitical friction, particularly US-Iran conflict disrupting Strait of Hormuz shipments, pushed crude oil prices up 12.7% this week. This fueled inflation concerns, leading benchmark LME copper to fall 1.3% to $13,419.50/ton, with other industrial metals also declining. Tight inventories provided some floor, but demand outlook remains weak. Rising oil prices could increase Pakistan's import bill and domestic inflation, potentially impacting USD/PKR and supporting gold's safe-haven appeal.
بحوالہ / Source: www.brecorder.com