Gold prices dipped on Thursday, influenced by a stronger dollar and renewed inflation concerns stemming from higher oil prices. This dampened expectations for imminent interest rate cuts. Meanwhile, oil prices surged amid supply constraints in the Gulf and tensions in the Strait of Hormuz.Read More
Indian markets reacted to a global downturn. US stocks fell as escalating tensions between the US and Iran overshadowed a calm inflation report. Investors worried about rising oil prices impacting consumer spending. Saudi Arabia increased oil production and the IEA released reserves to stabilize markets. The US Federal Reserve is expected to maintain interest rates amid concerns of potential stagflation.Read More
Japans Nikkei share average fell on Thursday. Global oil prices resumed their climb. Concerns grew that the U.S.-Israeli war with Iran could drag on. Technology stocks declined. Most industry sub-indexes dropped. Real estate was the worst performer. Kawasaki Heavy Industries shares rose, bucking the trend.Read More
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