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Prrecious metals spike on persistent supply deficit and weak US Dollar
(04-Aug-2026, 14:40 Hours IST)  
Gold futures rose above $4,110 an ounce in electronic trade on Tuesday, while MCX bullion futures approached ?1,44,000 per 10 grams. Silver gained over 2% to above $59 an ounce, aided by ongoing supply issues and a weaker US dollar. Investors watched US-Iran talks, with President Trump calling it Tehran's last chance for a deal, though Iran denied direct negotiations but mentioned progress with Oman. The markets also focused on the US Federal Reserve's rate outlook before the latest JOLTS job openings and international trade data.
Tuesday, August 25, 2026 02:18:00 PM
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