As the U.S. and Israeli air campaign against Iran intensified, investors sought safe-haven assets, boosting concerns that the conflict could escalate into a protracted regional war and increase uncertainty. As a result, gold prices increased for the fifth straight session on Tuesday. At $5,362.90 an ounce, spot gold was up 0.7%. After the United States…
As a result of the West Asia war pushing crude prices higher and causing a flight to safe havens, benchmark indices, the Sensex and Nifty, plummeted more than 1.2% on March 2. The BSE Sensex fell 1.29% to 80,238.85, the lowest level in six months, while the Nifty 50 fell 1.24% to a one-month low…
If the tension between the United States and Iran increases, the oil market will be affected first, because Iran is a major oil supplier to the world and most of its oil passes through the Strait of Hormuz. If there is a problem in that area, the fear of a shortage of oil supply arises…
Today, the commodity market is in the spotlight amid intensifying violence in West Asia. Sharp price movement has been observed in commodity prices amid the increased geopolitical tensions surrounding the US and Israeli attack on Iran. Silver is trading about $95/oz, while Brent Crude has surged to around $80/bl. Gold is stable at $5,300 per…
The bank now expects copper prices to reach $15,000 per metric ton by March 2027. It continues to have a positive view on copper and recommends investors keep long positions. Although copper prices have paused recently after rising, UBS believes prices will continue to increase each year. High price levels are expected to remain through…
As ongoing worries about disruptions brought on by artificial intelligence continued to negatively impact market mood, Indian IT equities continued their sell-off for a fifth consecutive session on Tuesday, with the Nifty IT index down more than 5% by the afternoon. Anthropic’s assertions that its Claude Code tools can significantly lower the cost and complexity…
Gold prices fell on Tuesday. After four consecutive days of gains and touching a three-week high, investors took profits. At the same time, a slight rise in the US dollar pressured gold prices. In the previous trading day, gold prices rose about 2.5% due to uncertainty over US trade policy. The US Dollar Index rose…
According to the White House, US trading partners, including India, that completed tariff arrangements with the Trump administration before the Supreme Court’s decision will now be temporarily subject to a flat 10% duty. This holds even if they previously agreed to higher charges under those agreements. A White House official emphasized that trade partners must…
The Supreme Court of the United States has given a landmark ruling on the import tariffs imposed by US President Donald Trump. Trump had used the Emergency Economic Power Act of 1977 to impose extra taxes on goods coming from many countries. As a result, the US government has reportedly collected about $134 billion. In…
Investors are now paying close attention to rising tensions in the Middle East after the US-Iran nuclear talks failed several times. In recent days, traders have been buying more “call options” on Brent crude oil in anticipation of further gains, according to Saxo Bank. Oil prices were supported by reports that crude oil inventories in…
