The US dollar index rose to a one-month high of 101.55 as markets priced in a 36.3% chance of a Fed rate hike this week, up from 16% a week ago. This comes despite lower oil prices, which typically ease inflation concerns, but strong Treasury yields continue to support the dollar. Investors are closely watching the Fed's policy meeting this week, along with US GDP and PCE inflation data for further clues. A stronger dollar could put downward pressure on international gold prices, potentially impacting local gold and silver rates in Pakistan.
بحوالہ / Source: www.brecorder.com