Gold falls on oil-driven inflation worries
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PM Modi wants Indians to cut gold buying
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Gold and silver remain volatile as U.S.-Iran tensions, rising oil prices, a stronger U.S. dollar, and upcoming inflation data shape the next move in precious metals.
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Speculative traders rushed to buy silver after the successful test of the psychologically important $80.00 level.
"I wonder if they left the gold in Fort Knox because they steal a lot," the president said Sunday
Prime Minister Modi asked citizens to avoid buying gold jewelry for functions, coming as the country’s appetite for the precious metal continues to drive foreign-currency spending.
Global silver supply is in severe deficit for its 6th consecutive year with cumulative shortage expected to reach 866 million oz. by end of 2026, driven by explosive demand from AI data centers, EVs,
Gold market rebounds sharply as falling oil prices and softer yields improve the outlook for XAU/USD ahead of critical U.S. CPI data.