The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- Gold prices in New Delhi dropped to Rs 1.52 lakh per 10 grams following a four-session decline.
- Silver prices also saw a significant decrease, tumbling by Rs 5,000 to Rs 2.37 lakh per kilogram.
- Analysts attributed the market pressure to a stronger US dollar, rising Treasury yields, and increased crude oil prices linked to geopolitical tensions in West Asia.
- These factors have prompted investors to adjust expectations for potential US Federal Reserve interest rate hikes.
What to watch next
- Future impact of crude oil price volatility on global inflation and monetary policy
- Outcome of the high-stakes meeting between Donald Trump and Xi Jinping
- Developments in the Strait of Hormuz and potential impacts on oil supply
Who said what1
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Praveen Singh
Head of Commodities at Mirae Asset Sharekhan
1 quote · 1 outlet
“The metal has slipped below USD 4,274 an ounce in global markets as crude oil leapt higher on supply concerns from West Asia,”
In the article
…gold fell USD 33.74, or nearly 1 per cent, to USD 4,253.61 per ounce, while silver depreciated by 1.4 per cent to USD 63.56 an ounce. .A spike in crude oil prices turned into another headwind for the precious metals. ." The metal has slipped below USD 4,274 an ounce in global markets as crude oil leapt higher on supply concerns from West Asia, " said Praveen Singh, Head of Commodities at Mirae Asset Sharekhan. .Rising US Treasury yields and the dollar index moving above the 101 mark, close to a two-month high, further intensified pressure on precious metals,…
Coverage1
All filed from India
Named India · United States · Iran · Donald Trump · Federal Reserve · HDFC Securities · Masoud Pezeshkian · Mirae Asset Sharekhan · Praveen Singh · Saumil Gandhi · UK Maritime Trade Operations · United Nations General Assembly · Xi Jinping
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