Gold prices extended gains yesterday, settling higher by 1.53% at Rs 1,52,862, bolstered by robust safe-haven demand in light of escalating tensions between the United States and NATO regarding Greenland. President Trump reaffirmed his commitment to asserting control over the Arctic island, explicitly not dismissing the possibility of employing force, thereby increasing geopolitical risk premiums. Read More
Although it has seen a decrease, going below $94, silver continues to remain close to the levels at which it reached its historical peaks. Because of the growing tensions between the United States and Europe about Greenland, there has been a major increase in the desire for safe havens for capital investments. There has been Read More
Gold prices experienced a notable rebound, closing up by 1.28% at Rs 1,36,666, as investor attention returned to ongoing geopolitical and policy-related risks that have propelled bullion to its most robust annual performance in more than forty years. Safe-haven demand was bolstered by escalating geopolitical tensions following Russia’s allegations that Ukraine sought to target President Read More
Crude oil prices exhibited an upward trend, concluding the session with a gain of 1.12% at Rs 5,240, as rising geopolitical tensions contributed to an increase in risk premiums, notwithstanding the mixed signals from inventory data. Unrest in the Middle East, characterized by Saudi air strikes in Yemen and Iran’s assertion of a “full-scale war” Read More
The price of silver has stabilized at roughly $80 per ounce, following a loss of 5% during the course of the day. Prices have returned to levels that are close to record highs, which might be attributed to the increased geopolitical uncertainties. There has been a reduction in the number of casualties as a result Read More
