US-Iran conflict impacts gold, silver
India, Nov. 9 -- Bullion prices are expected to stay under pressure next week as investors monitor the US-Iran conflict, crude oil prices, and key inflation data from the US, China, Germany, Japan, and India. US employment data, Federal Reserve speeches, and Russia-Ukraine talks will also guide markets, while domestic trading remains closed on Tuesday morning for Diwali-Balipratipada. Despite pressure from a stronger dollar and rising Treasury yields after robust US jobs data, precious metals recovered on bargain buying and short-covering. MCX gold December futures rose nearly 3% to Rs.1.42 lakh per 10 grams, and silver jumped 3.15% to Rs.1.84 lakh per kg. "Gold and silver's momentum remains down as investors will focus on the inflation data from China, the US, Germany, Japan, India, etc along with some Fed officials' commentary," said Pranav Mer, senior vice president, EBG. P10...
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