US-Iran Deadlock Sends Precious Metals Prices Soaring

The ongoing stalemate in US-Iran negotiations has sent shockwaves through the global economy, particularly in the precious metals market. The deadlock was sparked by President Trump's demand for historical conflict compensation from Tehran, effectively freezing peace talks.

This sudden impasse has crushed hopes of reopening the Strait of Hormuz, causing a spike in global oil prices and fueling fresh inflation fears. In response, investors are aggressively buying gold and silver as safe-haven assets.

In Pakistan, these international shocks have pushed local gold and silver prices sharply higher. The country's Sarafa markets are constantly adjusting prices to absorb the macroeconomic hits.