Commodities
US-Iran Talks Stalemate Sends Gold, Silver Prices Soaring
The stalled US-Iran negotiations have caused significant volatility in precious metals, leading to a surge in gold and silver prices. President Trump's recent demand for historical conflict compensation from Tehran has frozen ongoing peace talks, crushing any immediate hope of reopening the Strait of Hormuz. This sudden deadlock has driven up global oil prices, fueling fresh inflation fears.
As a result, anxious investors are aggressively buying gold and silver as safe-haven assets. In Pakistan, these international shocks have pushed local prices of these assets sharply higher. Local Sarafa markets are constantly adjusting prices to absorb these macroeconomic hits.