Fed Rate Hike Expectations Diminish, Potentially Supporting Gold & Currencies

Fed Rate Hike Expectations Diminish, Potentially Supporting Gold & Currencies

Expectations for an immediate US Federal Reserve rate hike have notably diminished. This shift in sentiment typically provides support for non-yielding assets like gold and can influence the broader strength of the US dollar. For Pakistan, this development could potentially ease pressure on international gold prices and indirectly affect the USD/PKR exchange rate.

بحوالہ / Source: www.brecorder.com