Gold prices today: The yellow metal fell on Monday as rising energy prices and inflation concerns reduced expectations of US interest-rate cuts, while the conflict involving the US, Israel and Iran continued to escalate. MCX gold rate for April futures contracts opened lower by ₹1,225, or 0.77%, at ₹1,57,241 per 10 grams as against its…
Gold-silver ratio: The gold-silver ratio, a key metric tracked by bullion investors, is trending higher amid the geopolitical tensions, given investors’ inclination to park money in gold rather than silver during periods of acute stress. The Middle East conflict, though, has challenged the traditional status that gold and silver enjoy. Both precious metals have remained…
Pakistan stock market: The latest conflict in the Middle East, which is showing no signs of abating and keeping the crude oil prices elevated, is wreaking havoc in the Pakistan stock market, driving the worst intraday declines for its benchmark indices — KSE 30 index during this month. The KSE 30 index crashed as much…
The Indian Rupee hit a new record low on Friday, March 13, dropping to 92.44 against the US Dollar during intra-day trading as rising global oil prices and increasing tensions in West Asia unsettled financial markets. The local currency fell by 19 paise from its prior closing, influenced by a stronger dollar, continuous outflows of…
Pakistan has increased petrol and diesel prices by about 20% following a surge in global oil costs driven by the conflict in Iran, according to officials cited by Reuters. Petroleum Minister Ali Pervaiz Malik announced a major price hike in a televised message, describing the decision as unavoidable. “We have taken this decision under compulsion…
March 3 (Reuters) – Gold prices drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation concerns intensified amid fears of a potentially prolonged Middle East conflict. Spot gold was down 3.6% at $5,137.00 an ounce as of 1907 GMT. Prices hit an over four-week high in the…
* Oil price surge on Iran conflict raises inflation concerns. * February ISM manufacturing PMI 52.4 vs forecast 51.8 * Fed rate cut expectations dip amid rising inflation worries NEW YORK, – US Treasury yields shot higher on Monday after military strikes in Iran by the US and Israel, followed by counter-strikes by Tehran across…
