Gold and silver prices are anticipated to maintain a positive trajectory in the coming week, with market volatility expected to remain high due to ongoing developments in West Asia and upcoming global economic data, particularly the Federal Reserve's FOMC meeting minutes.
Gold and silver prices are expected to remain range-bound this week as investors await crucial US economic data, including the non-farm payrolls report, and further signals from the Federal Reserve regarding its interest rate policy.
Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.
Gael Monfils celebrated his 40th birthday by defeating Adolfo Daniel Vallejo in the first round of the US Open, making him the oldest player since Jimmy Connors in 1992 to win a main-draw singles match at Flushing Meadows on his birthday.
Gold futures experienced their seventh consecutive daily decline, falling to Rs 1.5 lakh per 10 grams, driven by escalating military exchanges between the US and Iran which have pushed oil prices higher and intensified concerns over inflation and potential interest rate hikes.
Erling Haaland struck a dramatic last-gasp winner to send Norway through to the next round of the 2026 World Cup, knocking Ivory Coast out in heartbreaking fashion.
US President Donald Trump has claimed that Iran's missile capabilities have been severely degraded, saying Tehran now possesses only a fraction of the arsenal it had before recent hostilities.
'They use the word curry in derogatory terms but I use it with pride. It's something which our grandmothers fed us and our body and brain functions on that.'
Rory McIlroy, the five-time Major winner, will participate in the DP World India Championship at the Delhi Golf Club for the second year running. Tommy Fleetwood has also confirmed his participation.
'As result, Netanyahu 'convinced' Trump to go to war with the help of overoptimistic Israeli intelligence assessments, essentially explaining to him that they only need to bomb Iran for 3-4 days, and the regime would then collapse.' 'Rather unsurprisingly, Netanyahu is ever since blaming his own intel service for the entire operation failing.'
The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.
The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.
Rising for the sixth consecutive session, gold prices rallied Rs 1,000 to hit yet another record high of Rs 105,670 per 10 grams in the national capital on Monday, lifted by expectations of a rate cut by the US Federal Reserve this month and robust demand in overseas markets.
Gold prices surged Rs 2,200 to hit a fresh peak of Rs 116,200 per 10 grams in the national capital on Monday buoyed by strong global cues as investors awaited key commentary from US Fed officials for policy direction. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,14,000 per 10 grams on Friday.
Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said.
IMAGES from Day 1 of the US Open matches played at Flushing Meadows, New York on Sunday.
The US dollar has risen about 15 per cent since mid-2015.
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results. The Nifty IT closed 3.26 per cent down, as major IT services companies' stock value fell. Tata Consultancy Services (TCS), India's largest IT services firm, saw its stock price fall 4 per cent during intraday trading.
It was truly heartening to see how the Sikh community had risen to the occasion during the Black Lives Matter peaceful protests and the coronavirus pandemic and selflessly served those looking for nourishment.
The bankruptcy filing of Lehman Brothers on September 15, 2008 brings back the most vivid memories of the crisis.
Some Manchester United fans had previously urged Musk on Twitter to consider buying the club
Bullion may settle with limited upside potential
Rupee ends flat against dollar ahead of Fed policy outcome.
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
Many are reportedly too weak to stand or talk. The detainees include Sikhs, Gujaratis and Bengalis, and from Punjab in Pakistan.
The nomination would put Yellen on course to be the first woman to lead the institution.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
Summers dogged by controversies over past views
Images from the US Open women's singles final at Flushing Meadows, New York, on Saturday.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
Bodies of eight persons were found on Friday in a marsh on the riverbank near Akwesasne, a community which straddles Quebec, Ontario and New York state.
March and April payrolls were revised to show 32,000 more jobs.
Explosions shook cities and towns across Ukraine in the second-largest attack this week on Friday.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
The US Federal Reserve has raised its benchmark interest rate by 0.25 per cent, only the second increase in a decade.
