MCX gold slides to Rs 1,44,860 per 10 grams as weekly drop tops Rs 900; silver sheds over Rs 6,000
AI Market Summary
Escalating U.S.-Iran conflict is reviving inflation concerns and pushing markets toward a more hawkish Fed path; CME FedWatch now prices a 64% chance of a September hike. Despite a softer dollar, higher real-rate expectations have dominated, driving a weekly decline in spot gold (down over 1%) and pressuring silver (down over 3%). The rates channel is currently outweighing safe-haven demand for precious metals.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-0.19%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Escalating U.S.–Iran hostilities, including Iranian strikes on U.S. military infrastructure in Gulf states after earlier U.S. attacks on Iran’s southern coastal and eastern provinces, has intensified inflation concerns. CME’s FedWatch tool shows markets pricing a 64% probability of a September U.S. rate hike, up from around 54% a week earlier. Spot gold was headed for a weekly fall of more than 1%, while MCX gold futures slipped to Rs 1,44,860 per 10 grams and silver was on track for a weekly decline of more than 3%. A weaker dollar offered limited support as rate expectations dominated sentiment.
