Crude oil prices rose over two percent early Wednesday following US military strikes on Iran's Larak Island amid escalating US-Iran conflict. This geopolitical tension is seen as driving a "defensive-minded turn" in equities, with the Dow Jones up slightly while the S&P 500 and Nasdaq dipped. The ongoing standoff and rising oil costs could potentially increase global inflationary pressures and boost safe-haven demand for gold, impacting local gold and currency rates in Pakistan.
بحوالہ / Source: www.brecorder.com