Oil and gold prices fall as markets watch possible US-Iran talks

Oil and gold prices declined as financial markets reacted to news of potential talks between the United States and Iran. The prospect of diplomatic engagement eased concerns about supply disruptions and geopolitical tensions, which had previously supported higher prices for these commodities.

This shift in sentiment contributed to gains in some stock markets, like Pakistan's PSX, which rose over 2,400 points. Meanwhile, the US dollar traded steadily as investors weighed the possibility of reduced Middle East tensions against the uncertainty of whether the talks would actually happen.