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Gold muted as higher-for-longer rate outlook weighs

Gold prices struggled for momentum on Tuesday as expectations of interest rates staying higher for longer weighed on sentiment, with investors awaiting comments from US Federal Reserve officials for policy clues. Spot gold was little changed at $4,344.29 per ounce, as of 0151 GMT. US gold futures steadied at $4,381.80.

PSX manages modest gains in cautious trade

KARACHI: Extending last week’s mild recovery rally, driven by easing oil prices, the Pakistan Stock Exchange (PSX) on Monday continued to attract buying interest in selective sectors, helping the benchmark KSE-100 index close in the green, though profit-taking towards the end of the session trimmed early gains.

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