The dollar hovered near its highest in more than two weeks on Thursday after some Federal Reserve policymakers turned hawkish, sending yields to a one-month top, while the Japanese yen’s break above 160 sharpened focus on intervention risks. Fed Chair Jerome Powell closed out his eight years with rates on hold amid rising inflation concerns. The Fed’s 8–4 decision to leave the rate unchanged
Gold prices rebounded on Thursday from a one-month low hit the day before, helped by a softer US dollar, although elevated oil prices kept fears alive of inflation and higher-for-longer interest rates. Fundamentals Spot gold was up 0.6% at $4,566.73 per ounce, as of 0105 GMT, after falling to its lowest level since March 31 in the previous session. US gold futures for June delivery rose 0
Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the US-Israeli war against Iran have deadlocked. Brent crude futures for June rose $1.91, or 1.62%, to $119.94 a barrel as of 0057 GMT after gaining 6.1% in the previous session. The June contract, which has increased for a ninth day, expires
After days of selling pressure, buying returned to the Pakistan Stock Exchange (PSX) amid optimism over the release of funds from the International Monetary Fund (IMF), with the benchmark KSE-100 gaining over 900 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 169,329.62, up by 917.39 points or 0.54%. “Reclaiming and holding the 169,0
Markets got off to an uneven start in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector dominated ahead of the Federal Reserve’s decision and earnings from tech megacap stocks later in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2%, retreating for a second day from record highs set on Monday, led by declines for Taiwa