China is urging Pakistan to play a bigger role in mediating between Iran and the United States, as both sides weigh stability in the Strait of Hormuz. The push is gaining scrutiny after a US senator questioned Pakistan’s neutrality, citing reports that Iranian military aircraft were allowed to park on Pakistani airfields.
Gold and silver traded mixed on MCX as fading hopes of a rapid US Iran peace deal lifted oil prices. Higher crude raised fresh inflation worries and strengthened expectations that central banks may keep interest rates elevated for longer. In the middle of the shifting macro backdrop, silver rose sharply while gold held near Rs 1.52 lakh, leaving investors weighing their next move.
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Oil prices fell after reports that Iran is proposing renewed talks with the US, but markets stayed poised for strong weekly gains. Traders kept reacting to geopolitical headlines, as tensions near the Strait of Hormuz and ongoing supply disruptions continue to outweigh the easing signal from negotiations and a fragile ceasefire amid export restrictions.
Dalal Street is set to watch crude oil closely after Iran hinted at resuming negotiations with the U.S. Oil fell sharply from four-year highs, but weekly gains remain possible. Traders also factor in Iran’s continued obstruction of the Strait of Hormuz and U.S. restrictions on Iranian crude exports, which could keep market volatility high next week.
Fresh optimism over the Persian Gulf is rippling through financial markets. Crude oil prices have slipped, a key signal that traders are pricing in reduced risk. Stock markets are rebounding alongside speculation that the US and Iran could resume negotiations, turning geopolitical hopes into immediate market momentum.
Asian stocks rebounded in early trading as reports said Iran may attend US peace talks in Pakistan, easing geopolitical worries. South Korea’s Kospi hit a record high, while Japan’s Nikkei climbed. Brent crude eased to $95.09. Investors also turned cautious ahead of a key US Federal Reserve confirmation hearing featuring Kevin Warsh.
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