Gold surges to new high as geopolitical tensions fuel safe-haven demand

Gold bars can be seen in this image. — AFP/File KARACHI: Gold prices in Pakistan surged to a new record high on Saturday, tracking global gains as escalating geopolitical tensions boosted the metal’s safe-haven appeal, traders said. Gold rates in the local market rose by Rs1,500 per tola to reach an all-time high of Rs252,200, … Read more

Geopolitical Tensions Fail to Spark Oil Price Surge

The tensions in the Middle East have highlighted the ebb and flow of the geopolitical risk premium in oil prices so far this month. Analysts believe that oil currently includes between $5 and $10 per barrel in premium to reflect a risk of escalation in the Israel-Iran conflict. The past week has illustrated how traders … Read more