Economy · India
Gold and Silver Prices Decline Amid Global Economic Cues
Gold prices have fallen below $4,000 per ounce, with a significant monthly decline of 12% in June, the largest since 2008. In domestic markets, gold futures dropped by Rs 1,701, and silver prices also saw a substantial fall, with MCX Silver correcting 20% since the US-Iran war. Analysts attribute the volatility to US interest rates and geopolitical factors, while some predict potential rebounds due to oversold conditions. Investors are also awaiting US jobs data and central bank speeches, which are influencing market movements.
How outlets across the spectrum covered it
Left 1 · Centre 7 · Right 4 n = 12
- Left (1): National Herald
- Centre (7): Business Standard, Deccan Chronicle, Deccan Herald, Mint, Telangana Today, The Lallantop, The Times of India
- Right (4): Aaj Tak, Firstpost, Punjab Kesari, The Pioneer
- International (2): Al Jazeera English, Reuters