Brent crude futures eased 0.38% to $88.88 per barrel as mediation efforts in the Middle East offered hopes of de-escalation, despite ongoing US-Iran tensions and Houthi threats. Escalating Mideast conflict concerns also pushed US 2-year Treasury yields to 4.206%, with traders pricing in a Fed rate hike for October. The US dollar remained steady, supported by safe-haven flows. This international backdrop suggests potential for stable or slightly lower international gold prices, while the steady dollar and rising US yields could influence USD/PKR and local gold rates in Pakistan.
بحوالہ / Source: www.brecorder.com