Branch² Intelligence
Gold, silver prices today: Comex extends weekly losses amid renewed Middle East tensions
Key takeaway
Gold and silver prices fell on Comex amid renewed Middle East tensions, raising concerns about persistent geopolitical risk and its impact on interest rates.
- Step 1Renewed Middle East tensions (Iran-US) trigger safe-haven buying of USD and US Treasuries, pushing yields higher.
- Step 2Higher US real interest rates increase the opportunity cost of holding gold, leading to Comex gold price decline.
- Step 3Indian gold prices (MCX) track global prices lower, reducing import costs for Indian SMEs but also signaling weaker demand.
- Step 4Indian jewellery and electronics SMEs face lower input costs but also potential inventory losses if prices continue to fall.
Source: LiveMint Markets
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