Pakistan’s Foreign Office confirmed that Iranian aircraft had arrived at Nur Khan Airbase near Rawalpindi during the US-Iran ceasefire, following reports that multiple planes remained there after Islamabad talks. Pakistan rejected claims of any connection to military “contingency” or “preservation,” calling such coverage misleading. It said flights were tied to the first round of talks for moving diplomatic personnel, security teams, and administrative staff, with some aircraft and personnel staying for expected later rounds. The disclosure drew US backlash, including scrutiny of Pakistan’s mediator role.
Gold prices have slumped after a US Iran war ceasefire eased geopolitical risk, triggering investor selling. Traders are now focused on the U.S. Federal Reserve’s upcoming interest rate decision following its two-day meeting. With rates expected to heavily influence dollar and bond yields, gold’s next move could hinge on the Fed’s signal.
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Indian government bonds held steady as traders digested a heavy supply event: a large sale of the benchmark 10-year note. Attention then shifted to the auction results, with expectations that yields could rise. At the same time, easing liquidity dragged overnight index swap rates lower, while concerns over high oil prices tied to a fragile US-Iran ceasefire kept risk sentiment cautious.
Gold rose as oil prices eased and the US extended its ceasefire with Iran, boosting risk sentiment. Investors weighed a softer inflation outlook linked to weaker oil against persistent geopolitical uncertainty. The move highlights how commodities are reacting not just to energy costs, but also to shifting Middle East risk and policy signals.
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