Middle East Tensions

Gold hits near 7-year high as investors scurry for safety of yellow metal on heightened Middle East tensions; oil jumps to 4-month peak

Spot gold surged 1.5 percent to $1,579.55 per ounce in jittery trade and reached its highest since April 2013

Suspend basmati rice exports to Iran till situation improves: Trade body advisory to members

During the last fiscal, India exported basmati rice worth Rs 32,800 crore, of which nearly Rs 10,800 crore worth rice was shipped to Iran

Petrol, diesel prices stable after rising for eighth straight day; crude falls after Donald Trump douses trade talk hopes

The prices of petrol and diesel hit this year's peak in the country on Tuesday with petrol reached close to Rs 80 per litre in Mumbai.

Gold crawls higher on Middle East tensions, up 0.3% at $1,420.65 per ounce; dollar rally caps gains

Gold prices rose on Wednesday, moving away from a one-week low touched in the previous session, as escalating tensions in the Middle East drove investors towards the safe-haven metal, while a stronger dollar limited the metal’s gain

Oil rises on Middle East tensions, glum demand outlook caps gains; IEA closely monitoring developments in the Strait of Hormuz

The oil market is currently well supplied, with oil production exceeding demand in the first half of 2019, pushing up global stocks by 900,000 barrels per day, the IEA said in a statement.

Rupee snaps 3-day losing streak; spurts 17 paise to 68.80 against dollar on hopes of Fed rate cut

The rupee had settled at 68.97 against the US dollar Thursday.

Gold nears Rs 36,000-mark per 10 gram on global cues; silver jumps Rs 935 on revival in industrial demand

Gold prices may trade higher in the coming days because of weaker dollar and speculations of US Fed rate cut, Patel said.

Oil down for a second day as US Gulf of Mexico output returns

Both contracts last week made their biggest weekly gains in three weeks as US oil inventories fell and diplomatic tensions rose in the Middle East.

Gold rises on fresh Sino-US trade tensions, Fed rate cut bets; slightly weaker dollar helps yellow metal's gain

Spot gold was up 0.3% at $1,407.69 per ounce. Gold has risen nearly 0.6% so far this week.

Rupee surges by 24 paise to 1-week high of 69.44 on US rate cut hopes; oil price rise checks domestic currency's gains

At the interbank foreign exchange (forex) market, the rupee closed up by 24 paise or 0.34% at 69.44, a level not seen since 12 June.