Fed Rate Decision & Mideast Tensions in Focus; Oil Prices Jump 3%

Investors are monitoring the US Federal Reserve, which is expected to hold rates steady, with Chair Kevin Warsh's statement crucial for future policy clues. Concurrently, geopolitical tensions in the Middle East, including US airstrikes, caused oil prices to climb more than 3%. This surge in oil, coupled with the Fed's monetary policy outlook, could significantly influence global commodity markets. For Pakistan, a stronger US dollar post-Fed or sustained high oil prices could impact local gold rates and the PKR.

بحوالہ / Source: www.brecorder.com