brics24news

The price of gold and silver dropped at the Multi Commodity Exchange (MCX) due to the investors’ reaction to the appreciation of the US dollar and the new geopolitical uncertainty associated with the growing US-Iran dispute. The Iran News has recently become one of the Top News of the day as traders are watching events from the Middle East and waiting for information about US monetary policy. According to BRICS24 News , market players remain cautious under the influence of geopolitical risks and currency changes. A stronger US dollar means that buying gold and silver will become costlier for those who use other currencies; this is why the demand may drop. On top of that, uncertainty about the conflict with Iran causes high volatility on commodity and financial markets. MCX Gold and Silver Prices Move Lower Gold and silver futures contracts listed on MCX have fallen amid increasing dollar strength and concerns over upcoming Federal Reserve interest rate decision making. The experts...