Global markets surged as US President Donald Trump announced a two-week ceasefire with Iran. The US dollar weakened significantly against major currencies like the euro, yen, Australian dollar, and New Zealand dollar. This development eased geopolitical tensions, leading to a ‘risk-on’ sentiment. Cryptocurrencies also saw substantial gains following the announcement.
Silver rockets Rs 13,500/kg, gold gains Rs 3,700/10 gms as Iran war ceasefire lifts inflation worries. Right time to buy?
Gold and silver prices surged on Wednesday, mirroring global gains as U.S. President Trump’s ceasefire with Iran eased inflation fears. MCX silver futures jumped 6%,