Gold and silver surged on MCX on Wednesday as a weaker dollar and easing oil prices reduced inflation and rate worries. Optimism around potential US Iran peace talks also lifted sentiment. MCX silver climbed about 3.1% to roughly Rs 2,52,000 per kg, while gold rose around 1.7% to about Rs 1,52,182 per 10g after US President Trump hinted at progress.
US stocks opened higher as Intel’s sharp profit surge fueled technology gains, pulling the S&P 500 close to an all-time high. Optimism around potential US-Iran talks added support, even as oil prices stayed volatile. Strong results from Procter & Gamble also helped, while Charter Communications slid after reporting weaker performance.
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US Vice President JD Vance’s planned trip to Islamabad for negotiations with Iran has been indefinitely cancelled, The Wall Street Journal reports. The move comes after President Donald Trump announced a “ceasefire extension” and urged a unified Iranian proposal. Analysts say the decision signals a shift toward coordinating a single diplomatic approach rather than running separate outreach tracks.
Crude oil prices fell as Middle East tensions eased after a Lebanon Israel ceasefire and the prospect of US Iran talks. President Trump suggested a deal with Iran could be near, following a 10-day truce that reportedly removed a major negotiating obstacle. While analysts warn volatility will persist, they expect prices to stay supported by underlying risk.
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