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Gold, silver extend losses amid Middle East tensions; Fed minutes in focus
Gold and silver prices declined significantly in Mumbai trading on Wednesday. This retreat followed global bullion market weakness and US President Donald Trump’s comments. Crude oil prices surged, stoking inflationary concerns and impacting investor sentiment. Analysts noted that rising inflation and a stronger US dollar reduced gold and silver’s appeal. Investors now await US Federal…
Gold firms as upbeat comments on Mideast talks ease inflation fears
Gold firms as upbeat comments on Mideast talks ease inflation fears
Global Market: Euro zone, US bond yields log biggest monthly rise since March on Middle East inflation concerns
Euro zone and US bond yields recorded their largest monthly increase since March as Middle East conflict concerns renewed inflation fears. Traders pushed back interest rate cut expectations, with Germany’s 10-year yield rising 28 basis points in July and US 10-year Treasury yields advancing 22.5 basis points despite a Friday dip.