Financial markets reacted strongly after news of a temporary ceasefire linked to tensions in the Middle East. As hopes for stability grew, the US dollar weakened, while gold and silver prices rose sharply.
The dollar dropped by about 1% against the euro and 1.1% against the British pound, showing that investors moved away from the US currency following the announcement.
At the same time, gold surged 2.7%, reaching around $4,830 per ounce, while silver jumped 6.33% to $77.5 per ounce. Precious metals often rise when investors seek safer assets during uncertain times.
The market shift came after Shehbaz Sharif proposed a two-week ceasefire between Iran and the United States. Donald Trump later confirmed he agreed to pause military strikes for two weeks.
Sharif has also invited US and Iranian delegations to peace talks in Islamabad, with reports suggesting broader ceasefire efforts may extend across several conflict areas.
Overall, investors appear hopeful that reduced tensions could improve global stability—but markets remain cautious as they watch whether the ceasefire holds.
Source: Newstimehub
