Gold began March on a strong note after the US and Israel carried out major strikes on Iran that killed Tehran’s Supreme leader Ayatollah Ali Khamenei. As geopolitical tensions continue to intensify and fears of economic instability gain ground, spot gold jumped 1.72% to $5,368.09 an ounce by 0010 GMT, reaching its highest level in…
“Gold and silver prices are expected to remain extremely volatile, with a likely gap-up opening on Monday as the Middle East conflict, involving renewed US and Israeli military action against Iran, continues to weigh heavily on global risk sentiment,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He added that escalating…
MUMBAI: After a relatively firm Feb, the rupee is likely to start March on a volatile note as global capital shifts toward safe-haven assets amid escalating tensions in the Gulf region. Dealers expect pressure to build from both portfolio outflows and concerns over India’s trade deficit and energy supplies, given the region’s central role in…
India’s automobile industry sustained its growth momentum in February, with leading carmakers reporting higher dispatches to dealers as steady consumer demand supported sales across passenger vehicles and utility segments.Leading automakers Maruti Suzuki, Tata Motors Passenger Vehicles, Mahindra & Mahindra and Hyundai posted an increase in vehicle dispatches last month, reflecting continued strength in the domestic…
Oil prices surged by as much as 10 per cent as markets opened in Asia, after US and Israeli strikes on Iran heightened fears of a wider conflict in the Middle East and potential disruption to global energy supplies.Brent crude and Nymex light sweet crude both leapt sharply in early trading on Monday, before easing…
Experience shows markets often come to view geopolitical disruptions as temporary. (AI image) The global markets are in for a phase of enhanced turmoil and uncertainty! The ongoing tensions in the Middle East after US and Israel’s strikes on Iran and Ali Khamenei’s death may have investors running for cover – looking for an asset…
UAE Stock Markets Closed: Regional Conflict Halts Trading on ADX and DFM In an unprecedented economic response to escalating regional conflict, the United Arab Emirates has announced that its two major financial markets, the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), will remain closed on Monday, March 2 and Tuesday, March…
Gold and silver prices are expected to begin the week on a strong note when trading resumes on Monday, as escalating tensions in the Middle East push investors toward safe-haven assets, analysts said.The surge in risk aversion follows US President Donald Trump’s announcement of “major combat operations” in Iran after Israeli strikes on Tehran. Iranian…
Global oil markets are heading into a volatile phase as escalating tensions in the Middle East raise fears of supply disruption through one of the world’s most critical energy corridors, with analysts warning that crude prices could surge sharply if the conflict deepens.Khamenei’s death, confirmed by Iranian state media earlier, triggered warnings about strong retaliation…
Exporters have raised strong concerns that the conflict could disrupt shipping through the Strait of Hormuz. (AI image) What will be the impact of the ongoing tensions in the Middle East on India’s trade, exports, crude oil and LPG supply? Growing geopolitical tensions in the Middle East following military strikes by the United States and…