Gold and silver prices extended their losses for a fourth straight session on Monday as comments from US Fed Chair Kevin Warsh fuelled expectations of higher interest rates. Gold has declined ₹9,500 over four sessions, while silver is down ₹7,700 in three sessions.

Federal Reserve Chair Kevin Warsh struck a hawkish tone at Jackson Hole, suggesting further rate hikes could be needed if inflation does not clearly move back toward the 2% target. Spot gold fell 0.7% to $44,423.84 per ounce, near a two-week low, while U.S. gold futures dropped 1.3% to $4,472.90. Markets now price a 57% chance of a September rate hike, up from 36% before Warsh’s remarks, according to the CME FedWatch tool.

HDFC Bank shares rose nearly 3% in early trade on August 31 as investors focused on an upcoming leadership transition. Reports said the board is considering former State Bank of India chairman Dinesh Khara to take over as MD and CEO. Jefferies kept its buy rating but cut its target price and lowered earnings forecasts, while IIFL said the incumbent CEO’s decision to step down is neutral to modestly positive as it removes uncertainty tied to regulatory approval.

The Indian rupee is set to come under pressure this week as investors reassess the chance of a U.S. Federal Reserve rate hike and Brent crude climbs back toward $90 a barrel. At home, a Reuters poll forecasts April–June GDP growth of 7.1%, slower than the prior quarter, though some economists expect a stronger reading that could tilt the RBI toward tightening if inflation rises. Government bonds also look vulnerable, with traders warning that firmer growth could trigger further selling.

Indian equities are expected to open lower on 31 August as weak global cues and renewed US-Iran tensions weigh on risk appetite. In the previous session, the Sensex rose 330 points to 77,264 and the Nifty 50 gained 84 points to 24,175. Brent climbed to $89.18 and WTI to $84.32 after US strikes near the Strait of Hormuz lifted supply-disruption concerns, according to the report. Technicians said a sustained break lower could pull the Nifty 50 toward the 23,800–23,650 band.

Federal Reserve Chair Kevin Warsh struck a hawkish tone on Friday, suggesting the central bank may raise rates if inflation does not move back toward its 2% target. Markets lifted the implied probability of a September hike to 57% from 36% on that signal. Spot gold was flat on Monday at $4,455.29 an ounce after touching its lowest level since August 19 and dropping more than 3% on Friday. December gold futures slipped 0.6% to $4,504.90 as investors awaited U.S. labor-market reports due this week.

Asia-Pacific stock markets broadly fell on Monday after Federal Reserve Chair Kevin Warsh signaled a possible rate hike in September. South Korea’s Kospi at one point sank more than 3%, while Japan’s Nikkei 225 fell 1.69% and the MSCI Asia Pacific index slipped 0.8%. U.S. equity futures also moved lower, with S&P 500 futures down 0.5% and Nasdaq 100 futures off 0.7%.

Tesla has stopped selling its Solar Roof product and is pivoting to conventional solar panels and energy storage. The company recently filed plans to build a $10.1 billion solar-cell factory near Houston. In the second quarter, revenue rose 26% year over year to $28.24 billion and vehicle deliveries hit a record 480,126, but operating margin fell to 1.4% and free cash flow turned negative at about $1.1 billion. Tesla expects 2026 capital expenditures to exceed $25 billion.