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Market move● Neutral for Indian equities
Gold tumbles 4% to seven-week low as oil, dollar and yields climb
The brief
- Gold fell 4% to a seven-week low as oil, the dollar and yields climbed
- Higher oil prices raised inflation concerns and strengthened expectations for tighter monetary policy
- Gold’s decline may affect Indian bullion-linked stocks and gold-focused investors
- EXCLUSIVE: Japan top FX diplomat urges markets to heed 'very clear' warning on yen
- Gold, Silver Face Another Choppy Spell This Week As US Data, West Asia Tensions Take Centre Stage: Analysts
- Forex reserves drop $14.9 billion to $766 billion, sharpest weekly fall since November 2024
- Dollar falls as oil cools but set for weekly gain; yen rallies
- ‘We were wrong.’ Why Morgan Stanley changed its tune on the U.S. dollar — and what it expects now.