The dollar headed for its biggest monthly gain since July on Tuesday and stands out as the strongest so-called safe asset as war in the Mideast has set oil prices surging and raised the risk of global recession. Overnight the dollar extended gains widely, save for against the yen where renewed threats of intervention from Tokyo have traders wary of selling the yen too far past 160 per dollar.
Gold prices rose on Tuesday on hopes of de-escalation in the Middle East conflict, but were poised for their worst month in more than 17 years as higher energy prices dimmed hopes for a US interest rate cut this year. Spot gold was up 1.5% at $4,578.89 per ounce, as of 0235 GMT. US gold futures for April delivery gained 1.2% to $4,611.30. The dollar eased, making greenback-denominated
Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that US President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT after rising 2% earlier in the session. The May contract expires on Tuesday and the more a
Habib Metropolitan Bank Limited announced key appointments on Tuesday.The bank shared the information in a notice to the Pakistan Stock Exchange (PSX) today. The bank said that Khurram Shahzad Khan was reappointed as president and chief executive officer for another three years. The notice further said Mohamedali R. Habib was re-elected as chairman, effective March 30, 2026. Habib Metropo
Negative sentiments were observed at the Pakistan Stock Exchange (PSX) over the risk of a long war in the Middle East. The benchmark KSE-100 Index lost over 3,700 points during the opening minutes of trading on Monday. At 10:40am, the benchmark index was hovering at 147,950.31, a decrease of 3,757.20 points or 2.48%. Selling was observed in key sectors, including automobile assemblers, cemen