Gold and silver opened lower on MCX amid rising crude oil prices near $110 per barrel, fuelling inflation concerns and rate outlook uncertainty. Geopolitical tensions in the Strait of Hormuz added to volatility. Analysts expect range-bound trading with key support and resistance levels guiding near-term strategy across bullion markets.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of