Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as escalating US-Israeli air strikes against Iran and heightened geopolitical uncertainty supported safe-haven demand. Spot gold gained 1.6% to $5,168.69 per ounce as of 0249 GMT. US gold futures for April delivery added 1.1% to $5,178.40. On Tuesday, bullion fell more than 4% to
Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as escalating US-Israeli air strikes against Iran and heightened geopolitical uncertainty supported safe-haven demand. Spot gold gained 1.6% to $5,168.69 per ounce as of 0249 GMT. US gold futures for April delivery added 1.1% to $5,178.40. On Tuesday, bullion fell more than 4% to
Oil prices rose more than $1 on Wednesday as the US-Israeli war on Iran disrupted Middle East output and halted exports from the region. Brent rose $1.11, or 1.4%, to $82.53 a barrel, after closing at its highest since January 2025 on Tuesday. US West Texas Intermediate crude rose 79 cents, or 1.1%, to $75.37, after settling at its highest since June. Israeli and US forces struck targets a
A day after observing a massive selloff, buying momentum returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 2,900 points during the opening minutes of trading on Tuesday. At 9:40am, the benchmark index was hovering at 154,878.85, up by 2,905.86 or 1.91%. Buying was observed in key sectors, including cement, commercial banks, fertilizer, E&Ps, OMCs an
Stocks resumed their selloff and the dollar strengthened in early Asian trading on Tuesday as investors considered the implications of US and Israeli strikes on Iran on energy prices and the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% to extend losses for a second day, led by a 2.5% tumble in Korean shares, while Tokyo’s Nikkei 225 slumped 0.8%. S&P 500