Global markets responded positively as US-Iran tensions eased, causing international crude oil prices to retreat. This shift, combined with an improved State Bank of Pakistan (SBP) rate outlook, boosted overall market sentiment. Easing geopolitical risks and lower oil prices typically reduce safe-haven demand for gold, potentially leading to a decline in bullion prices. For Pakistan, these factors could contribute to a softening of international gold rates and influence the USD/PKR exchange rate.
بحوالہ / Source: tribune.com.pk