Pakistan Defence Minister says "our earnest efforts to end the conflict, impacting the entire region and beyond, are ongoing, and we remain hopeful of achieving a positive outcome", reports Anas Mallick

The statement from Pakistan's Defence Minister signals ongoing diplomatic efforts to resolve regional conflict, which could influence stability in the area. If successful, this could lead to a reduction in geopolitical tensions, impacting market sentiment and asset flows, particularly in safe havens like gold and the USD. Traders should watch for any shifts in regional dynamics following these comments.