US producer prices saw their largest decline in 14 months in June, easing inflation concerns and strengthening hopes for a less aggressive Federal Reserve policy. This data suggests lower borrowing costs ahead, which typically supports demand for commodities like metals. While nickel rose on supply concerns, copper also found support from these broader macroeconomic factors. For Pakistan, a dovish Fed stance could weaken the US Dollar internationally, potentially easing pressure on the PKR and making gold more attractive.
بحوالہ / Source: www.brecorder.com