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Gold price above Rs 1 lakh. Will Quant MF prediction come true?
Gold prices in India have surged, crossing Rs 1 lakh per 10 grams. Experts predict a possible short-term correction. Quant Mutual Fund advises retaining precious metal exposure long-term. Renisha Chainani forecasts stabilization around Rs 97,000, with a potential dip to Rs 90,000. Manav Modi sees support at Rs 88,000-90,000, projecting Rs 1,00,000-Rs 1,06,000 in 12-15 months.
Oil prices on the boil after Israel’s strike on Iran’s nuclear facility. What's next?
Global crude oil markets face uncertainty in mid-2025. Israel's airstrikes on Iran's nuclear facilities caused Brent crude prices to surge. Concerns about supply disruptions from the Persian Gulf and potential Iranian retaliation through the Strait of Hormuz loom large. Despite OPEC+ production cuts, increased output from other nations and tepid demand growth, particularly in the U.S.
Gold in a healthy consolidation period, says Chris Wood
Jefferies' Christopher Wood notes gold's consolidation above $3,000. He maintains high gold allocation in his pension fund. Western gold ETF flows are light despite gold's outperformance since 2022. Total ETF holdings are below 2020 peak. Gold prices have significantly outpaced the MSCI AC World Index since 2022. China's gold imports surged in April.
Oil jumps over 7% after Israel's strikes on Iran
Oil prices surged following Israeli strikes on Iran. Concerns arose about potential disruptions to oil supplies. Brent crude futures and U.S. West Texas Intermediate crude both experienced significant increases. The Strait of Hormuz, a crucial oil transit route, is under close watch. Analysts are assessing the long-term impact on oil prices and regional stability.
Crude oil prices could spike to $120, warns J.P. Morgan. Explained in 6 key points
Following Israel's military operation on Iranian nuclear sites, J.P. Morgan warns oil prices could surge to $120 a barrel if Middle East tensions escalate. Brent crude futures already jumped nearly 9%, and the bank estimates a 7% chance of a worst-case scenario involving Iranian oil supply disruptions. The situation complicates monetary policy amid stalled nuclear talks.
Gold Price Prediction: Gold hits record high of Rs 1,00,403/10g on Iran-Israel tensions; can the uptrend continue?
Gold prices surged on MCX, breaching ₹1 lakh per 10 grams amid Israel-Iran tensions and a weaker dollar. Silver also saw gains, while geopolitical uncertainty and potential oil supply disruptions fueled safe-haven demand. Analysts suggest a 'buy on dips' strategy, anticipating further price increases in the coming months, with key support levels to watch.
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Gold futures breach Rs 1 lakh mark, hit all-time high
Indian gold futures surged past 100,000 rupees per 10 grams for the first time on Friday, fueled by a weak rupee and positive global cues. The 2% jump to a record 100,403 rupees is impacting demand in India, the world's second-largest gold consumer.
Gold tops 1-month high as Middle East tensions spur safe-haven demand
Gold prices surged to a more than one-month high, fueled by safe-haven demand amid escalating Middle East tensions following Israel's strike on Iran. The rise was further supported by cooling U.S. labor market data and subdued inflation, increasing expectations for an earlier interest rate cut by the Federal Reserve.
Oil jumps more than 12% as Israel strikes Iran, rattling investors
Oil prices dramatically surged following Israel's strikes on Iranian military and nuclear sites, escalating fears of a broader conflict in the Middle East. West Texas Intermediate soared by 12.6 percent, while Brent crude jumped 12.2 percent. Iran is preparing to retaliate, raising concerns about disruptions and contagion in neighboring oil-producing nations.
Steel export parity price scheme yet to gain traction
Neither EEPC nor steel producers shared details about the quantity consumed under the scheme. This arrangement between MSME exporters and large steel producers was brokered by the Centre, with an aim to shield EEPC members using steel to make finished goods from price increases on account of safeguard duty.
Explained: Why gold beat Euro to become the world's second-largest reserve asset
Gold has overtaken the euro as the second-largest global reserve asset, driven by record central bank buying amid geopolitical tensions. Despite recent price volatility, its role as a hedge against uncertainty and sanctions keeps demand elevated.
Gold Price Prediction: Yellow metal opens above Rs 98k/10 gms. Time to book profits?
Gold and silver witnessed significant price volatility in international markets following the release of U.S. inflation data. While inflation came in lower than expected, news of a trade agreement between the U.S. and China capped the gains in precious metals.
Oil prices tick up on worries of escalating US-Iran tension
Oil prices climbed to a two-month high following President Trump's announcement of U.S. personnel being moved from the Middle East, fueling concerns about potential supply disruptions due to escalating tensions with Iran. The U.S. is also preparing a partial evacuation of its Iraqi embassy amid heightened security risks. Optimism surrounding a U.S.-China trade deal and a larger-than-expected drop in U.S.
Gold prices climb as Middle East tensions rise, US inflation eases
Gold prices surged as Middle East tensions escalated, fueling demand for safe-haven assets. Softer U.S. inflation data bolstered expectations of Federal Reserve interest rate cuts, further driving the rally. A weaker dollar made gold more attractive to overseas buyers. Investors are closely watching upcoming U.S.
Gold Rate Today: Yellow metal rises to Rs 97,200/10g as US-China trade uncertainty boosts demand
Gold prices increased due to trade uncertainties between the US and China. Investors sought safe-haven assets before US inflation data release. On MCX, August gold futures rose, while July silver futures slightly declined. Globally, spot gold and US gold futures also experienced gains. Market awaits US CPI report for Federal Reserve policy insights.
Commodity Radar: Rally accelerates as crude oil prices jump 10% in a month. Know why to hold your horses
Crude oil prices are currently experiencing a surge, fueled by tight supply and positive market sentiment. However, Anand Rathi Shares and Stock Brokers' Naveen Mathur cautions that this upward trend might be short-lived. MCX crude Oil has showcased strong bullish momentum with a significant breakout above the horizontal trend line.
