Gold prices are trading with a bearish bias due to escalating Middle East tensions, inflation concerns, and expectations of a continued restrictive US monetary policy. Higher oil prices and a stronger dollar are weighing on bullion, with attention turning to upcoming US economic data.
Gold prices are trading with a bearish bias due to Middle East geopolitical tensions fueling inflation concerns and strengthening expectations of a US Federal Reserve rate hike. Technical indicators suggest a continued downtrend unless key resistance levels are reclaimed.
The Indian Rupee opened weaker against the US dollar on Wednesday, trading at 95.15 and falling to 95.16. This decline is attributed to rising crude oil prices and a strengthening US dollar following fresh military actions involving the US and Iran. A weak opening in domestic stock markets also contributed to the currency's dip.
A collection of news briefs covering potential US-Iran conflict resolution, EU accession talks for Ukraine, Russian military activities, and other international political and defense developments.
Pakistan's central bank hikes rates to combat inflation from Iran war. Shell agrees $13.6bn ARC Resources buyout, Intel shares hit 26-year high on AI demand, oil exceeds $108/barrel amid stalled US-Iran talks.
President Trump’s second term is defined by an energy-first economic doctrine. By leveraging domestic production, sanctions on rivals, and geopolitical crises, the administration has positioned the US as the world's dominant energy supplier to exert global influence.
