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
The State Bank of Pakistan (SBP) decided on Monday to keep its benchmark policy rate unchanged at 10.5% in its first Monetary Policy Committee (MPC) meeting of 2026. SBP Governor Jameel Ahmad announced the decision in a press conference. Inflation in Pakistan could be above 7% in some months of the current fiscal year’s second half, he said. The country’s gross domestic product (GDP) would g