The New Zealand dollar firmed after quarterly inflation jumped to 4.1%, exceeding forecasts and boosting expectations for further interest rate hikes. The Australian dollar also gained ahead of its own inflation data next week, which is expected to show a rise to 3.7%. Brent crude oil surged to $90 a barrel following threats to Saudi Arabian oil shipments, adding to global inflationary pressures. This global inflationary environment and rising oil prices could put upward pressure on international gold rates and potentially impact Pakistan's import costs and the PKR.
بحوالہ / Source: www.brecorder.com