Producer prices in the United States rose faster than expected in February, signaling persistent inflationary pressures that analysts warn could intensify further amid escalating geopolitical tensions in the Middle East.

Asian stocks rose to a six-week high on Friday as investors pushed for a year-end rally, while precious metals soared to record levels.

Gold prices climbed sharply on Wednesday, continuing their upward momentum in both domestic and international markets, driven by a depreciating rupee and expectations of monetary easing in the United States.

BP’s stock is on the rise, lifted by a rebound in oil prices and positive company developments. On October 23, BP shares in London traded around 431.8p, up about 2.5% from the previous day. In New York, BP’s American Depositary Shares closed at $34.32 on October 22, marking a roughly 3.5% gain. The stock is now near its highest levels in weeks, though still below its 52-week peak of around 471p.