US stock markets, including the S&P 500 and Nasdaq, declined as investors reassessed the AI rally, leading to a significant selloff in chip stocks. Geopolitical risks from the Middle East conflict intensified, with US strikes in Iran and Tehran's response in Kuwait, pushing the CBOE Volatility Index to a week-high. These tensions are also raising gasoline prices, despite a temporary rise in US consumer sentiment. This increased global uncertainty and potential for higher energy costs could support safe-haven demand for gold internationally and potentially influence local gold and currency rates in Pakistan.
بحوالہ / Source: www.brecorder.com