COMEX metals slide after President Trump hints at Iran action
Gold and silver just saw a sharp drop on the global COMEX market: gold slipped 2.21% to $4,677 per ounce, and silver fell 4.22% to $72.87 per ounce.
This slide comes as investors flocked to the US dollar thanks to ongoing geopolitical tensions, especially after President Trump hinted at possible military action in Iran.
India gold rises ₹3,500, silver ₹9,000
Meanwhile, things looked different back home, on April 1, gold prices in India jumped by ₹3,500 (now at ₹1.55 lakh per 10gm) and silver shot up ₹9,000 (now at ₹2.46 lakh per kilogram).
The boost is linked to easing West Asia tensions and hopes for lower oil prices, which could help with inflation.
US data may sway markets
Everyone's watching US economic data closely, like jobs numbers and retail sales, which could shake up markets further depending on what the Fed decides next.
Global price swings are likely to stick around as long as these uncertainties continue.