Gold and silver opened sharply lower on MCX Monday as soaring energy prices dampened hopes of near-term U.S. rate cuts. MCX April gold fell Rs 1,811 to Rs 1,56,655/10g, while May silver dropped Rs 4,335 to Rs 2,55,101/kg. Rising oil prices and inflation are keeping precious metals under pressure, with futures expected to weaken further amid geopolitical uncertainty.Read More
Indian stock markets are experiencing a significant downturn. Over 400 stocks have seen double-digit falls since the Iran conflict began. This widespread selling impacts large, mid, and small-cap companies across various sectors. Geopolitical tensions and rising crude oil prices are driving global risk aversion. Foreign investors are also pulling out funds, adding to market pressure.Read More
Gold prices held steady Monday, recovering from earlier losses as a weaker dollar provided support. Elevated oil prices, driven by the ongoing conflict with Iran, are fueling inflation concerns. While this typically boosts gold’s appeal as an inflation hedge, the prospect of sustained high U.S. interest rates is tempering its attractiveness. Investors await the Federal Reserve’s policy decision this week.Read More
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