Gold prices nudged lower on Wednesday, as rising Treasury yields and a firm dollar outweighed optimism over a potential U.S.-Iran peace agreement. Spot gold was down 0.3% at $4,467.59 per ounce, as of 0233 GMT. In the previous session, bullion hit its lowest level since March 30. US gold futures for June delivery lost 0.9% to $4,471.10. “Gold is running out of puff somewhat against th
Oil prices were down about 1% on Wednesday after US President Donald Trump again asserted the war with Iran will end “very quickly”, though investors remain wary about the outcome of peace talks amid continued disruptions to Middle Eastern supply. Brent crude oil futures fell $1.11, or 1.0%, to $110.17 a barrel by 0640 GMT, while US West Texas Intermediate futures were down $1.12, or 1.1%, to $
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Wednesday invited Kazakh investors to explore joint ventures at Pakistani ports, including opportunities in Gwadar’s free zones to enhance Kazakhstan’s access to regional and international trade markets. The minister made the remarks during a meeting with an 11-member Kazakh delegation led by Timur Turlov, chief executive o
Buying returned at the Pakistan Stock Exchange (PSX) as investors seek comfort over US President Donald Trump’s decision to pause a planned attack on Iran, with the benchmark KSE-100 Index gaining over 2,300 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 164,162.04, up by 2,357.02 points or 1.46%. Buying interest was observed in key se
Asian shares wobbled on Tuesday while bonds found their footing following a steep selloff after US President Donald Trump’s decision to pause a planned attack on Iran and his claim there was a good chance of a nuclear deal sent oil prices lower. Trump said on Monday he had paused a planned attack against Iran to allow for negotiations to take place on a deal to end the war, after Tehran sent