Brent crude fell 2% to $86.52 a barrel, while US Treasury yields also dropped as the Federal Reserve prepares for its policy decision, expected to hold rates. Money markets, however, are pricing in a high probability of a 25-basis-point rate hike in September. President Trump's comments on a potential US-Iran deal also contributed to oil price stability. Lower oil prices and falling US yields typically support gold, while Fed policy will be key for the US dollar and could influence gold rates and USD/PKR in Pakistan.
بحوالہ / Source: www.brecorder.com