Global bullion prices saw an overnight rise, driven by a softer US dollar and technical buying, leading to a 2.5% jump in Australian gold stocks. Concurrently, crude oil futures reached a more than six-week high, benefiting from a prolonged exchange of strikes between the United States and Iran. This upward movement in oil prices contributed to energy stocks gaining 1.5%. For Pakistani investors, a softer dollar could support local gold prices, while rising crude oil costs might pressure the USD/PKR exchange rate and inflation.
بحوالہ / Source: www.brecorder.com