Financial markets
The global markets experienced a significant reaction to the escalating Israeli-Iranian conflict, with oil and gold prices exhibiting substantial gains. The oil price surge was evident from the opening of trading, with crude oil futures jumping to $77.62 before settling at $72.24 by 11:29 a.m., representing
Stock prices
Fears of supply disruptions due to escalating tensions between the US and Iran have pushed Brent Crude Futures to a two-month high of $69.8, causing oil marketing companies HPCL and BPCL to drop 5.9% and 4.4%, respectively, on Thursday. In contrast, upstream companies Oil India and ONGC
Financial markets
The Malaysian rubber market continued to exhibit a mixed performance, influenced by the progress of US-China trade talks and crude oil prices. A dealer noted that the momentum was partly driven by the framework agreement on a trade deal, which focussed on rare earths and chip export restrictions. However, gains
Stock prices
Investors remained optimistic ahead of details from US-China trade talks, which are set to extend to a second day, with tentative signs that tensions between the world's two largest economies could be easing. Stocks were buoyant in Asia, with MSCI's broadest index of Asia-Pacific shares outside
Financial markets
The Malaysian rubber market concluded today in a mixed state due to the upward movement in regional rubber futures markets and higher crude oil prices. Market sentiment was also boosted by the optimism surrounding the ongoing US-China trade talks and the improvement in China's economic data. Japanese rubber
Commodity futures
Pakistan's gold prices remained stable on Wednesday, resisting the global trend where prices rose due to safe-haven demand and a softer US dollar. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market held steady at Rs354,100,
Commodity futures
Gold futures on Bursa Malaysia Derivatives are poised to trade range-bound with an upward bias next week, according to Stephen Innes, managing partner of SPI Asset Management. This expectation is driven by ongoing US fiscal concerns, a softer US dollar, and the precious metal's resilience in the face
Commodity futures
The ongoing risk-on rally in global markets, sparked by a decrease in geopolitical and tariff-related uncertainties, has led to a correction in the price of gold, which is down approximately 6-7% from its all-time high of $3,500/ounce. In the domestic market, gold is currently trading at around Rs
Commodity futures
Gold futures on Bursa Malaysia Derivatives are predicted to surge next week, with Stephen Innes, managing partner at SPI Asset Management, anticipating prices to trade within the range of US$3,200 to US$3,250 due to concerns over the US fiscal situation. Rising US debt levels and potential
Commodity futures
Gold prices in Pakistan increased on Tuesday, reflecting gains in the global market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs600 to reach Rs339,400 in the local market. The rate for 10 grams climbed by Rs514, settling at
Commodity futures
Gold prices have surged to new record highs in both local and global markets, driven by uncertainty surrounding the US election and expectations of interest rate cuts by major central banks. The price of 24-carat gold per tola in the local markets rose by Rs700 on Thursday, reaching a new
Commodity futures
The gold futures contract on Bursa Malaysia Derivatives is likely to trade in consolidation mode next week as market participants await the release of United States economic data, according to SPI Asset Management managing director Stephen Innes. Despite the weakening US dollar, driven by the US Federal Reserve's
