Oil prices climbed on Thursday, recovering some of the previous day’s losses as investors reexamined prospects for de-escalation in the Middle East as Iran said it was still reviewing a U.S. proposal to end the war, which has disrupted energy flows. Brent futures rose $1.13, or 1.1%, to $103.35 a barrel by 0051 GMT, while US West Texas Intermediate crude futures were up $1.08, or 1.2%, at $91
Positive momentum returned at the Pakistan Stock Exchange (PSX) on Monday, amid reports of a potential diplomatic breakthrough, with mediating nations, including Pakistan, working to convene high-level talks in Islamabad as early as this week to ease tensions in the Middle East. At 9:10am, the benchmark KSE-100 Index was hovering at 157,207.89, up by 4,467.52 points or 2.92%. Buying was obse
Gold price per tola in Pakistan significantly fell by Rs43,600 in line with decline in the international rates. In the local market, gold price per tola reached Rs447,762 after witnessing record single-day decrease in the country. Similarly, 10-gram gold was sold at the rate of Rs383,883, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The int
Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm US dollar and fading hopes for near-term Federal Reserve interest rate cuts. Spot gold fell 1.6% to $4,335.18 per ounce, as of 0227 GMT. The metal fell to its lowest level since November 24 on Monday. US gold futures for April delivery fell 1.6% to $4,336.10. The dollar str
Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it had held talks with the United States to end the war in the Gulf, contradicting President Donald Trump, who said a deal could be reached soon. Brent futures rose $1.06, or 1.1%, to $101 a barrel at 0001 GMT, while US West Texas Intermediate (WTI) climbed $1.58, or 1.8%, to $89.71. Crude futures dropped more than 1