Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and elevated interest rates. Spot gold was unchanged at 4,789.67 per ounce, as of 0229 GMT, but up 0.9% for the week. U.S. gold futures for June were steady at $4,809.30. A 10-day ceasefire between Lebanon and Israel went into effect on
Oil prices fell in early trade on Friday on optimism the Middle East conflict could be nearing an end after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump said the US and Iran may meet for talks on the weekend. Brent crude futures declined by $1.34, or 1.35%, to $98.05 a barrel at 0021 GMT. US West Texas Intermediate crude futures fell $1.65, or 1.74
Buying rally continued at the Pakistan Stock Exchange (PSX) with the benchmark KSE 100 index gaining over 2000 points during the opening minutes of trading on Thursday. At 9:44am, the benchmark index was hovering at 170,828.25 points, up by 2,318 points or 1.38 percent. Earlier today, the State Bank of Pakistan (SBP) said it had received funds of US$ 2 billion from Ministry of Finance, Kingd
Saudi Arabia will provide USD3 billion in additional support for Pakistan to help the South Asian nation bridge a multi-billion dollar gap in its finances linked to an upcoming debt repayment to the United Arab Emirates. The extra funding for Pakistan comes on top of Riyadh extending the rollover arrangement for an additional USD5 billion deposit for a longer period, Finance Minister Muhammad A
The war in the Middle East has intensified strains on an already fragile global fiscal situation, with higher interest rates and rising energy prices already fuelling calls for support from emerging markets and developing economies, the International Monetary Fund said on Wednesday in its Fiscal Monitor report. Rodrigo Valdes, the IMF’s new fiscal affairs chief, said countries should skip fuel