Business
Gold edges past $4,600/oz as Powell-Trump rift stokes safe-haven demand
Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe havens due to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.
Spot gold jumped 1.3% to $4,566.80 per ounce by 0410 GMT. Bullion hit a record high of $4,600.33 earlier in the day, Reuters reported.
U.S. gold futures for February delivery firmed 1.8% to $4,579.10.
“So, between events in Iran, and potential U.S. involvement, and the (Fed) chair being the focus of a criminal probe… U.S. futures turned lower on the Powell news, which was a green light for gold to take a run higher,” said Tim Waterer, KCM Trade’s chief market analyst.
Unrest in Iran has killed more than 500 people, a rights group said on Sunday, as Tehran threatened to target U.S. military bases if President Donald Trump carries out his renewed threats to strike the country on behalf of protesters.
Iran’s unrest comes as Trump flexes U.S. muscles internationally, having ousted Venezuelan President Nicolas Maduro, and discussing acquiring Greenland by purchase or force.
Powell said on Sunday the Trump administration had threatened him with a criminal indictment over Congressional testimony, an action Powell called a “pretext” aimed at putting further pressure on the central bank to lower rates. This sent the dollar and U.S. equity futures lower.
Investors currently expect at least two Fed rate cuts this year.
Non-yielding assets tend to do well in a low-interest-rate environment and during geopolitical or economic uncertainties.
“I expect that central bank appetite for gold and silver will continue to grow this year, with precious metals perceived as being a lower risk alternative to the dollar,” Waterer said.
Spot silver was up 4.1% at $83.20 per ounce, after hitting an all-time high of $83.96 earlier in the day.
Spot platinum climbed 3.4% to $2,349.59 per ounce after scaling a record high of $2,478.50 on December 29.
Palladium gained 3.4% to $1,877.96 per ounce.
Business
Ministry of Public Works: Railway transport operating smoothly across all ports
The Ministry of Public Works has confirmed that railway transport through Afghanistan’s four main ports is running normally, with no disruptions reported.
According to the ministry, 127,650 metric tons of goods—including oil, non-oil items, and other materials—were transported via the railway last week (27 February–3 March). Shipments by port were as follows:
- Hairatan: 88,186 tons
- Aqina: 10,769 tons
- Torkhandi: 14,123 tons
- Khaf–Herat: 14,572 tons
Exports accounted for 265 tons, mainly dried fruits and mineral stones.
The Minister of Public Works has directed port officials and provincial department heads to ensure additional support and facilities for traders transporting essential and food items during these sensitive times.
Business
Mujahid: Trade with Iran through Khaf–Herat railway operating normally
He urged national traders to refrain from unjustified price increases in order to maintain market stability.
Zabihullah Mujahid, spokesperson for the Islamic Emirate of Afghanistan, has announced that commercial transportation through the Khaf–Herat railway is continuing without interruption.
According to Mujahid, all relevant departments overseeing the railway are carrying out their routine operations, and there have been no delays in the movement of commercial goods.
He confirmed that a freight train carrying commercial goods has arrived at the Rozanak station in Herat province, transporting 42 wagons of cement and two wagons of MDF boards.
Another cargo train carrying food and fuel supplies is expected to arrive later.
Mujahid also noted that, based on information from Iranian railway authorities, around 900 wagons currently in Iran are en route to Afghanistan and will enter the country as scheduled.
He urged national traders to refrain from unjustified price increases in order to maintain market stability.
Business
Afghanistan records 33% rise in railway cargo transport
The bulk of cargo passed through the key rail links at Hairatan, Aqina, Torghundi, and the Khawaf–Herat railway connecting Afghanistan with Iran.
Afghanistan has recorded a sharp increase in rail freight activity, with cargo transported through the country’s railway network rising by more than 33 percent in the first 11 months of the current year compared to the same period last year, officials said.
Mohammad Ashraf Haqshenas, spokesperson for the Ministry of Public Works, said more than five million metric tons of goods were moved through four major railway ports during the reporting period.
According to Haqshenas, shipments included fuel, non-oil commercial goods and other materials entering and transiting the country via the northern and western corridors.
The bulk of cargo passed through the key rail links at Hairatan, Aqina, Torghundi, and the Khawaf–Herat railway connecting Afghanistan with Iran.
The rail network plays a critical role in Afghanistan’s trade infrastructure, offering a cost-effective alternative to road transport for bulk imports such as petroleum, construction materials and food supplies.
As a landlocked country, Afghanistan relies heavily on transit routes through neighboring states to sustain its economy.
Haqshenas said that since the return to power of the Islamic Emirate of Afghanistan, several railway development and expansion projects have been initiated to improve connectivity and increase freight capacity. Some projects have been completed, while others remain under construction.
Officials say the growth in rail cargo reflects gradual improvements in transit coordination with regional partners, including Uzbekistan, Turkmenistan and Iran.
The government views railway expansion as central to its broader strategy of turning Afghanistan into a regional trade and transit hub linking Central Asia to South Asia and the Middle East.
The ministry added that continued investment in rail infrastructure is expected to strengthen economic activity, generate revenue and facilitate greater regional integration in the years ahead.
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