Crude oil prices surged 5% to $98.75 a barrel, a seven-week high, following new attacks in the Middle East, while copper dipped on economic outlook concerns. Higher energy costs are intensifying global inflation fears and increasing the probability of further interest rate hikes. Benchmark LME copper traded down 0.6% at $13,725.50 a metric ton despite thin inventories. This global pressure on interest rates and commodity prices could influence international gold rates and potentially impact the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com