Gold prices remained firm in international markets on Thursday as investors closely monitored geopolitical developments and economic signals from major economies. The precious metal received support from a weaker US dollar and falling oil prices, helping maintain its appeal as a safe-haven asset despite growing optimism surrounding diplomatic efforts in the Middle East. Spot gold rose to around $4,465 per ounce, while US gold futures also posted gains during early trading.
Analysts said investor sentiment was influenced by reports of progress in negotiations involving Iran and regional powers. Hopes for a broader peace agreement have reduced some market uncertainty, yet many investors continue to hold gold as protection against potential economic and geopolitical shocks. The combination of easing oil prices and a softer dollar has further supported demand for the yellow metal.
In Pakistan, gold prices have remained near historic highs in recent days. Market data showed that 24-karat gold has been trading above Rs470,000 per tola, with fluctuations driven largely by international bullion prices and exchange-rate movements. The local market continues to closely track developments in global commodity markets.
Jewellers and bullion traders say demand for gold remains steady as many buyers view the metal as a reliable store of value during uncertain economic conditions. Investment demand has also remained strong, with many Pakistanis turning to gold to protect savings from inflation and currency volatility. Market participants expect prices to remain sensitive to global economic news in the coming weeks.
Experts note that upcoming economic data from the United States and future decisions by the Federal Reserve could significantly influence gold’s direction. Lower interest-rate expectations generally support gold because the metal does not offer a yield, making it more attractive when borrowing costs decline. Investors are therefore watching economic indicators closely for clues about future monetary policy.
Looking ahead, gold is expected to remain one of the most closely watched assets in global financial markets. While easing geopolitical tensions could limit sharp gains, ongoing economic uncertainties and strong investor interest are likely to keep prices elevated. Analysts believe gold will continue playing a key role as both an investment asset and a hedge against market volatility.
Also read: Gold Prices Remain Volatile Amid Global Uncertainty
