US Fed Uncertainty, Gulf Conflict Drive Oil to $93, Lift US Yields; India Bonds Decline

Indian government bonds fell for a third day as uncertainty over the Federal Reserve's rate path lifted US yields, while widening Gulf conflict dampened sentiment. Brent crude seesawed, hitting $93 per barrel amid fears of a new front in the U.S.-Iran conflict threatening Suez Canal navigation. The Fed held rates steady but offered no clear guidance, with three members favoring a hike, adding to market pressure. This global volatility, particularly in oil and US yields, could influence international gold prices and USD/PKR rates in Pakistan.

بحوالہ / Source: www.brecorder.com