Iran has given indications regarding the passage of Indian ships through the Strait of Hormuz. Iranian Foreign Ministry spokesman Ismail Bagai said that Iran does not intend to disrupt the world’s oil supply, although ships of the countries involved in the war will not be allowed to pass through the Strait of Hormuz. He told…
Both gold and silver were little changed in Thursday’s session, as a strong US dollar and fading expectations of near-term interest rate cuts by the US Federal Reserve made precious metals less attractive to investors, even as tensions in the Middle East remained high. The April futures contract on COMEX gold dropped $64.4 to the…
Precious metals edged lower in Wednesday’s trade on 11 March from a strong close in the previous session as the US dollar resumed gains, making greenback-priced commodities more expensive for other currency holders. The April futures contract on COMEX Gold dropped $87 to the day’s low of $5,155.9 per troy ounce, erasing half of the…
Precious metals gold and silver, which had shown a limited reaction to the ongoing US-Iran war, saw a strong spike in Tuesday’s session, 10 March, supported by a retreat in the US Dollar Index, which made the metals cheaper for holders of other currencies. The April gold futures contract on COMEX regained strength, rising $136…
Stock market crash: After the outbreak of the US-Iran war, the global markets, including the Indian stock market, have been continuously falling for the last three sessions, as the tension in the Middle East has already escalated on Friday morning, when the US-Iran talks in Geneva failed to deliver any concrete outcome on Iran’s nuclear…
Gold and silver prices traded with extended gains in Monday’s session, as escalating tensions in the Middle East boosted the appeal of safe-haven assets, bringing the yellow metal within sight of its recent record highs. Gold, often deemed a safe-haven asset by investors during times of crisis, rose $187 per troy ounce (Comex) to $5,434…
Iran’s top diplomat said Sunday that Tehran’s strength lay in its ability to “say no to the great powers,” adopting a hardline stance following talks with the United States over its nuclear program and amid nationwide protests, as reported by AP. Speaking at a summit in Tehran, Foreign Minister Abbas Araghchi told diplomats that Iran…
