Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term risks after US President Donald Trump agreed to suspend bombing and attacks on Iran for two weeks, easing fears of energy-driven inflation. Spot gold was up 2.3% at $4,812.49 per ounce, as of 0215 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold fut
The dollar sank to its lowest level in a month while the euro, yen, Aussie and kiwi rallied hard in Asian trading on Wednesday after US President Donald Trump said he had agreed to a two-week ceasefire with Iran. The yen strengthened 0.7% against the greenback to 158.50 per dollar. The euro was up 0.7% at $1.1677, while the British pound appreciated 0.8% to $1.3403. The Australian dolla
Oil fell below $100 per barrel on Wednesday after US President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. Brent fell $14.84, or 13.6%, to $94.43 a barrel and WTI slid $16.13, or 14.3%, to $96.82 a barrel as of 0023 GMT. Trump’s turnaround came shortly before his deadline for Iran to open t
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 1,700 points during the opening minutes of trading on Tuesday. At 9:40am, the benchmark index was hovering at 149,481.28, down by 1,726.53 points or 1.14%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exp
Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs491,462 after a gain of Rs1,100 during the day. Similarly, 10-gram gold was sold at Rs421,349 after it increased by Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold prices rema