The Pakistan Stock Exchange experienced massive selling pressure, with the KSE-100 shedding nearly 2,000 points, as escalating US-Iran attacks in the Middle East drove Brent crude above $90 a barrel. This surge in oil prices has revived global inflation concerns, leading futures markets to price in potential Federal Reserve rate hikes. Such geopolitical risks and inflation fears typically boost safe-haven demand for gold internationally and could influence local gold prices and the USD/PKR exchange rate in Pakistan.
بحوالہ / Source: www.brecorder.com