South Asia

?Gold was largely stable?on Friday, as investors focused mainly on a meeting between U.S. president Donald Trump and his Chinese equivalent Xi Jinping. They also digested a rise in U.S. prices due to increased energy costs associated with the Iran War. As of 1112 GMT, spot gold was up 0.2% to $4,696.36 an ounce. U.S. Gold Futures for June Delivery fell 0.1% to $4,703.70. China's Xi said that the trade talks are?making good progress? at the beginning of a two day summit on Thursday, but that a disagreement over Taiwan might?damage relationships and even lead conflict? Gold is still hovering...

According to shipping data and industry sources, India's Haldia Petrochemicals has turned to Oman in order to compensate for a shortage of naphtha from Kuwait and Qatar due to the Middle East conflict. The loading ports of Oman are located outside the conflict zones and have not been affected by the war. According to the cargo tracking of?consultancy Energy Aspects, the medium-range tanker Rarity?loaded around 23,000 metric tonnes (201,000 barrels), of naphtha?late March and discharged it at Haldia on April 13. Navanit Narayan said, "We are actively sourcing multiple options for naphtha and continually?monitoring? the evolving situation" in response to...

Gold prices fell on Wednesday, following a strong U.S. Inflation data dampened speculation 'of interest rate cuts in the near future. At 0946 GMT the spot gold price was down by 0.4% at $4,694.59 an ounce, reversing a recent three-week high. U.S. Gold Futures for June Delivery gained 0.3%, to $4702.40. Dollar bullion is now more expensive than ever for those who hold other currencies. Data on Tuesday revealed that U.S. consumer inflation increased further in April. The annual rate posted its biggest gain in three-years, as higher oil prices caused by the U.S./Israeli war against Iran drove costs up....

Gold prices extended ?losses on Wednesday as uncertainty over ?the Middle East conflict and stronger-than-expected ?U.S. ?Inflation data dampened hopes for Federal Reserve rate reductions, as attention focused on the upcoming summit between U.S. president Donald Trump and Chinese counterpart Xi Jinping. As of 0752 GMT spot gold was down 0.3% at $4,701.98 per ounce. This is a further retreat from the three-week high reached in the previous session. U.S. Gold Futures for?June Delivery gained 0.6%, to $4.712.70. The markets have begun to price in that the Fed could hike rates as early as the end the year. Kyle Rodda...

Gold prices ?extended losses on Wednesday as uncertainty ?in the Middle East and stronger-than-expected ?U.S. ?Inflation data dampened hopes for Federal Reserve rate reductions, as attention was also focused on the Trump-Xi Summit this week. As of 0613 GMT spot gold was down 0.1% at $4,710.37 an ounce. This is a further retreat from the three-week high reached in the previous session. U.S. Gold Futures for June Delivery gained 0.7%, to $4.717.50. The markets have begun to price in the possibility of a rate hike by the Fed as early as this year. Kyle Rodda is a senior financial analyst...

The dollar and oil prices rose on Tuesday as a result of the slim hope of a 'U.S.-Iran 'peace deal. This clouded the outlook for U.S. rate hikes ahead of important inflation data. After reaching its highest level since April 21, spot gold dropped 0.8% by 1117 GMT to $4,696.07 an ounce. U.S. Gold Futures for June Delivery lost 0.5% to $4,703.20. Donald Trump, the U.S. president, said that a ceasefire agreement with Iran is "on life support". This was after Tehran refused to accept a U.S. plan to end the conflict. It also refused to budge from a list...

Gold prices dropped from a three week high on Tuesday as hopes of a 'peace deal' between the United States, and Iran, dimmed. This lifted the dollar, and raised concerns about inflation in advance of important U.S. inflation statistics. Gold spot fell 0.8% to $4,697.97 an ounce at 0750 GMT after reaching its highest level since April 21 during early Asia trade. U.S. Gold futures for June delivery fell 0.5% to $4.704.70. Donald Trump, the U.S. president, said that a ceasefire agreement with Iran was "on life support". This came after Tehran rejected an American proposal to end conflict and...

Gold rose on Friday and is expected to gain a weekly gain, as optimism about a possible end to the Iran Conflict eased concerns over inflation and high interest rates. Spot gold rose 0.5% to $4,709.89 an ounce at 1551 GMT. It has gained 2.1% in the last week. U.S. Gold Futures increased 0.2% to $4.719.60. Due to its non-yielding properties, gold, which is typically seen as a safe haven in times of global turmoil, will be under pressure? when interest rates rise. "Gold is now trading more like a risky asset than a safe-haven. Gold's rebound is linked to...

The impact of the 'crisis' on the physical fuel markets has worsened. While crude oil futures prices have fluctuated in line with headlines regarding the conflict between the United States, and Iran. Brent contracts fell 7.8% to close at $101.27 per barrel on Wednesday, despite the fact that a sustained and full reopening of the 'Strait of Hormuz is still a long time away. The United States and Israel's February 28th attack on Iran has led to a reduction in the volume of refined products shipped throughout Asia. The Strait of Hormuz is the main energy-consuming region in the world...

Gold?prices rose on Thursday for a 'third consecutive day, supported by a softer dollar. Hopes of a U.S. Iran deal helped ease concerns about inflation and high interest rates. As of 0728 GMT spot gold was up 1% to $4,738.86 an ounce after rising about 3 percent on Wednesday, when it reached its highest level since April 27. U.S. Gold Futures for June Delivery rose by 1.2% to $4748.50. Donald Trump, the U.S. president, predicted that the war with Iran would end quickly as Tehran considered the U.S. peace offer that sources say will formally end conflict while leaving unresolved...

Gold prices remained largely stable?near an all-time high on Thursday as?investors were waiting for more details about a possible U.S. Iran peace deal. As of 0436 GMT spot gold was up by 0.1%, at $4,692.45 an ounce. It had risen about 3% Wednesday, to its highest level since April 27. U.S. Gold Futures for June Delivery rose by 0.2% to $4701. Donald Trump, the U.S. President, predicted that the war between Iran and the U.S. would end quickly as Tehran considered an?U.S. Sources said that the peace proposal would end the war, but leave unresolved the key U.S. demand?that Iran...

Gold prices rose on Tuesday, after hitting a'more than one-month-low in the previous session. Investors assessed the fragile Middle East ceasefire and its potential impact on inflation expectations and interest rate expectations. Gold spot was up 1% at $4,566.79 an ounce by 8:45 am EDT (1245 GMT) after it reached its lowest level on Monday since March 31. U.S. Gold Futures rose 1% to $4,576,60. Oil prices are also easing, which is supporting the market. The market will continue to monitor headlines but could shift its focus towards economic data, said Jim Wyckoff, a market analyst at American Gold Exchange....

The gold price remained largely unchanged on Thursday as investors focused on the latest developments in Middle East and President Xi Jinping's meeting with the U.S. At 1:01 pm EDT (1701 GMT), spot gold was down by 0.1% to $4,680.26 an ounce. U.S. Gold Futures for June Delivery fell by 0.4% to $4686.20. The U.S. Dollar was up by 0.3%, making greenback-priced gold more expensive for holders other currencies. Iran's state media reported that 30 vessels had allegedly crossed the Strait of Hormuz, despite reports of attacks in the area. Bart Melek is the global head of commodity strategies at...

Gold remained largely unchanged on 'Thursday as investors digested a rise in U.S. Inflation due to increased energy costs associated with the Iran War. As of 0931 GMT, spot gold was up 0.1% to $4,689.79 an ounce. U.S. Gold futures for June delivery dropped 0.2% to $4,696.20. China's Xi Jinping said that the trade talks are?making good progress on Thursday at the beginning of a two day summit. However, he warned that disagreements over Taiwan may?damage relationships and even lead conflict. Gold is still hovering at $4,700 while markets digest the latest U.S. inflation figures. Carlo Alberto De Casa, a...

Gold prices rose on Thursday as a result of a 'weaker' dollar. Investors were also looking for any signs of progress with the Iran War and focused mainly on talks between U.S. president Donald?Trump & Chinese president Xi Jinping. As of 0440 GMT, spot gold was 0.4% higher, at $4,706.70 an ounce. U.S. Gold Futures for June Delivery rose 0.2% to $4,713.40. Dollar eased making greenback bullion prices more affordable for holders other currencies. GoldSilver Central's Managing Director Brian Lan said, "Gold is consolidating at the moment because everyone is watching what happens in the high level talks between the...

The gold?price remained steady on Thursday as investors centered their attention on the?conversations?between a?U.S. The Iranian war was the focus of attention between President Donald Trump and Chinese president Xi Jinping. As of 0212 GMT, spot gold remained unchanged at $4,688.43 an ounce. U.S. Gold Futures for June Delivery fell 0.2% to $4,695. GoldSilver Central's Managing Director Brian Lan said, "Gold is consolidating right now as everyone is watching what happens in the high level talks between the U.S.A. and China." Lan said: "I think (gold) is also a window for those investors who want to get into metal." Trump...

Bullion dealers reported that gold discounts in India reached a record high of over $200 per ounce on Wednesday. This was due to the surge in price after the 'import duty increase, which triggered investor selling in a weakening 'demand. India raised its import tariffs for gold and silver from 6% to 15% on Wednesday as part of an effort to reduce overseas purchases of these metals and relieve pressure on the country’s foreign exchange reserves. "Discounts were insane in the physical market." "We were double-checking before we executed deals," said the bullion division chief of a Mumbai-based bank who...

Indian stocks plunged on Tuesday. They lost about $115 billion in market value from firms listed on the National Stock Exchange. The outlook for Asia's third largest economy was worsened by fading hopes of a U.S. Iran deal. After Prime Minister Narendra Modi called for a reduction in fuel use and fertilisers, and a restriction on travel abroad and imports as global energy prices surged, the 1.4 billion-person country was prepared to take tough measures. The rupee fell to a new record low, Asia's worst performing currency so far in 2026, as crude remained near $107 a barrel, and outflows...

Gold prices fell on Tuesday as the markets weighed developments in the Middle East conflict and interest rate expectations before key U.S. Inflation data. Gold spot fell 0.6% to $4,705.99 an ounce at 0603 GMT after reaching a session high of three weeks earlier. U.S. Gold Futures for June Delivery fell 0.3% to $4.714.50. The hope for a peace agreement on?Iran has faded since U.S. president Donald Trump said that a ceasefire deal with Iran is "on life support".?Tehran rejected the U.S. proposal and refused to accept a list demands from the U.S. President Donald Trump called the proposal "garbage"....

The rupee and Indian shares both fell to a new record low Tuesday as crude oil prices rose. This was due to fragile negotiations over the end of the Iran 'war, which fueled concerns about global supply and economic fallout. As of 10:15 a.m. IST the Nifty 50?was down 0.69% to 23,652.4 while the BSE Sensex fell 0.82%, to 75,386.61. The benchmarks fell by 1.5% each on Monday. The mood was also affected after Prime Minister Narendra modi, over the weekend, urged fuel conservancy and restraint in gold purchases to help preserve foreign currency reserves. Jewellers, oil companies and travel...

The rupee hit a new record low on Tuesday as crude prices rose. Talks to end the Iran War appeared to be fragile. This fueled concerns about supply and potential economic impacts. The Nifty?50 dropped 0.44% as of?9 :20 a.m. IST to 23,712.2, while the BSE Sensex fell 0.56%?to?75,590.56. Ten of the sixteen major sectors suffered losses. The broader small and mid-caps fell 0.5% and 0.30%, respectively. Other Asian?markets dropped 0.5% as oil prices rose from about $100 a barrel to $105 after U.S. president Donald Trump said that the ceasefire agreement with Iran is "on life support". He had...

Investors awaited the key U.S. Inflation data that is due later this week and assessed developments in 'U.S. diplomacy with Iran. As of 10:20 am EDT (1420 GMT), spot gold had risen 0.3% to $4,730.49 an ounce after having fallen over 1% in the previous session. U.S. Gold Futures increased 0.2% to $4.740.40. Jim Wyckoff of American 'Gold Exchange, a market analyst, said: "There are just some bargain hunters and positions?ahead?of the U.S. Inflation data this week." The U.S. Consumer Price Index is due to be released on Tuesday, and the Producer Price Index (PPI) will be released on Wednesday....

Shares of Indian jewellery retailers fell on Monday after Prime Minister Narendra modi asked people to refrain from purchasing gold for one year in order to protect their foreign exchange reserves. This sparked fears of tariff increases to curb the imports of metal. Oil prices have soared since the Iran War, which has put pressure on India's balance-of-payments and the rupee. India is the third largest oil consumer and importer in the world, importing more than 90% its crude 'oil and half its natural gas needs. Modi's comments about gold on Sunday were made in tandem with other measures that...

Gold prices rose?more?than 2% on Tuesday after the?U.S. President Donald Trump suggested that a possible deal could be made with Iran. This sent the dollar and crude prices lower, as inflation fears waned. As of 0811 GMT, spot gold rose 2.7% to $4680.91 an ounce. This is the highest it has been since April 28. U.S. Gold Futures for June Delivery rose?2.7%, to $4693.20. U.S. president Donald Trump announced on Tuesday that he will temporarily pause a mission to help escort vessels through the Strait of Hormuz. He cited progress towards a comprehensive deal with Iran. Iran's foreign minister said...