Gold was headed for its first monthly gain in five on Friday, as investors assessed the impact of the US-Iran conflict and parsed the Federal Reserve’s signals for clues on inflation and the path for interest rates. Spot gold inched 0.2% lower at $4,096.29 per ounce, as of 0107 GMT, but was headed for a weekly rise of 1.1%. US gold futures for August delivery gained 0.1% to $4,094.10. Th
Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States andIran. Brent futures fell $1.03, or 1.2%, to $88 a barrel by 0215 GMT, while US West Texas Intermediate (WTI) crude slipped $1.50, or 1.8%, to $82.09 a barrel. On a monthly bas
The Pakistan Stock Exchange (PSX) witnessed volatile trading on Thursday, with the benchmark KSE-100 Index shedding over 1,000 points during the trading session. At 11:35am, the benchmark index was hovering at 174,993.83, down by 1,049.15 points or 0.60%. Selling was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploration companies, OMCs, power g
The suspension of visa issuance by the United Arab Emirates (UAE) for Pakistani nationals has begun to take a heavy toll on Pakistan’s exports and international trade engagement, according to Ismail Suttar, Founder Chairman of the Salt Manufacturers Association of Pakistan (SMAP). Speaking on the issue, Ismail Suttar said the UAE was currently not issuing visas to Pakistani citizens under any c
Oil prices erased some of their previous gains on Thursday, despite escalating attacks in the Gulf as investor focus shifted to supply flows through the key choke points in the region. Brent futures fell 96 cents, or 1.06%, to $89.78 a barrel as of 0418 GMT. US West Texas Intermediate (WTI) crude fell 64 cents, or 0.76%, to $83.82 a barrel. Brent settled up 7.91% in the previous session a