Gold Eases as Higher Rates & Strong Dollar Weigh on Sentiment

Spot gold declined 0.2% to $4,345.55 per ounce on Wednesday, with the dollar holding near a two-month high. Major central banks, including the Fed, BoJ, and ECB, have recently raised rates, with the Fed signalling further hikes. This outlook for higher interest rates could continue to pressure international gold prices, potentially influencing local gold and USD/PKR rates in Pakistan.

بحوالہ / Source: www.brecorder.com