Crude oil futures declined over 1% on Tuesday as markets weighed reports of US-Iran mediation against fresh attacks and Houthi threats of a Saudi naval blockade. This drop was a key factor in the fall of Malaysian palm oil futures, which track crude prices due to their use in biodiesel. Lower crude oil prices could ease global inflationary pressures, potentially reducing the appeal of gold as an inflation hedge and influencing central bank rate decisions, which may impact USD/PKR.
بحوالہ / Source: www.brecorder.com