China Stocks Flat; Gold, Dollar in Focus Amid Fed Speech, Treasury Action

Shanghai stocks remained flat, while Hong Kong shares inched higher, as investors awaited clearer evidence of stronger domestic demand despite hints of further fiscal support from China's Finance Ministry. Non-ferrous metal shares gained, reflecting higher gold prices driven by a weaker dollar and US Treasury's recent bond buyback. Attention now shifts to Federal Reserve Chairman Kevin Warsh's upcoming Jackson Hole speech for clues on tackling persistent inflation, following the Treasury's buyback failing to ease debt concerns. For Pakistani investors, global gold prices and the dollar's strength, influenced by Fed signals and US economic data, will continue to impact local bullion and USD/PKR rates.

بحوالہ / Source: www.brecorder.com