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
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
The sectors under scrutiny by Europe and the US are as wide-ranging as electric vehicles, wind and solar projects, medical devices and chips, but have one thing in common: they are of strategic importance to President Xi Jinping’s bid for leadership in the global race toward green transition and high-tech development. The rising tensions … Read more