Russian newspapers highlight US influence in Ukraine peace talks, a potential US-Iran framework agreement to end hostilities, and the EU's 21st sanctions package against Russia. Market news covers gold price drops due to US rate hike expectations and forecasts for rising aluminum prices.
South Korea's ruling Democratic Party won local elections, securing key mayoral seats in Busan but losing Seoul to incumbent Mayor Oh Se-hoon. Meanwhile, North Korea's Kim Jong-un vowed to bolster nuclear forces after inspecting a new facility, and the KOSPI stock index fell amid profit-taking.
Gold and silver futures declined on the Multi Commodity Exchange in a holiday-shortened trading week, with gold falling 1.23% to Rs 1.54 lakh per 10 grams and silver dropping 4.9% to Rs 2.44 lakh per kg. Analysts cited profit-taking after recent gains, a strong US dollar, and higher Treasury yields as key pressure factors. Markets await the Federal Reserve's April 29 FOMC meeting and progress in US-Iran peace talks, which could impact oil prices and safe-haven demand for precious metals.
