Gold and silver prices on the MCX opened lower on Tuesday as renewed U.S. strikes in Iran pushed oil prices higher, fueling concerns over sticky inflation and prolonged elevated interest rates. The weakness followed U.S. military strikes on targets in southern Iran, including missile launch sites and boats allegedly involved in laying mines, aimed at safeguarding American troops from Iranian threats.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy