US Treasury yields eased as the Producer Price Index dropped, lowering expectations for immediate Federal Reserve rate hikes. Interest rate futures now show an 11% probability for a July hike and 51% for September, significantly down from earlier estimates. Oil prices remained stable around $85/barrel despite Middle East tensions. This reduction in Fed tightening expectations could weaken the US dollar, potentially making international gold more attractive for Pakistani investors.
بحوالہ / Source: www.brecorder.com