US gasoline prices jumped to $4 a gallon as the Mideast conflict between Iran and the United States intensified, causing global oil prices to soar. This energy price shock has pushed US inflation to a three-year high, raising concerns for American households. The renewed tensions and rising crude oil costs typically bolster gold's appeal as a safe-haven asset and inflation hedge. For Pakistan, higher global oil prices could increase import costs, potentially impacting the USD/PKR rate and domestic inflation.
بحوالہ / Source: www.brecorder.com