Gold rose on Monday, supported by a softer dollar and lower oil prices, as investors awaited key US inflation data this week for clues on the Federal Reserve’s next policy move. Spot gold was up 0.3% at $4,206.01 per ounce, as of 0253 GMT, after hitting its highest since October 2 earlier in the day. US gold futures for December delivery gained 0.3% to $4,230.40. “Softer oil prices on th
Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other’s energy facilities following a US diesel-supply deal with Moscow. Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%.
Pakistan’s economy is expected to grow by more than 4% this fiscal year despite elevated oil prices, as the government looks to push for the privatisation of five to six entities that could raise upwards of $1 billion, Finance Minister Muhammad Aurangzeb told Reuters on Monday. Pakistan’s economy is considered to be highly vulnerable to a prolonged Middle East conflict given its dependence on G
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points as sentiment improved after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market. At 9:30am, the benchmark index was hovering at 168,043.33, up 601.43 points or
The International Monetary Fund (IMF) staff and Pakistan have reached a staff-level agreement on the fourth review of the $7-billion Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF), while completing the 2026 Article IV consultation. IMF team, led by Iva Petrova, held discussions under the 2026 Article IV consultation and on the fourth review