Oil prices softened as markets weighed US-Iran mediation efforts against renewed attacks and threats in the Middle East. This weakness made palm oil less attractive for biodiesel, causing Malaysian palm oil futures to drop 0.86% to 4,603 ringgit. Lower crude oil prices could potentially ease global inflationary pressures, which might indirectly influence gold's safe-haven appeal and the USD/PKR exchange rate in Pakistan.
بحوالہ / Source: www.brecorder.com