Gold prices dipped as escalating U.S.-Iran tensions fueled oil prices, while anticipated U.S. Federal Reserve interest rate hikes added further pressure. Despite a brief missile exchange, both nations reportedly agreed to de-escalate and resume talks. Meanwhile, Indian gold demand saw a premium emerge, contrasting with subdued activity in China. Other precious metals experienced mixed movements.
Gold prices dipped as heightened expectations of U.S. Federal Reserve interest rate hikes made the non-yielding asset less appealing. Escalating U.S.-Iran tensions also contributed to pressure on gold prices by fueling oil price increases. Despite these global factors, India…
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