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Gold price outlook: Experts see MCX gold rate at ₹1.05 lakh if Israel-Iran war further escalates

Gold prices on the Multi Commodity Exchange (MCX) surged past the ₹1 lakh-mark on Friday, driven by robust safe-haven demand following a sharp escalation in geopolitical tensions between Israel and Iran. Renewed conflict in the Middle East, expectations of interest rate cuts, and a risk-off sentiment across financial markets collectively contributed to the rally in…

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US stock market ends lower as Israel-Iran conflict escalates; Dow Jones, Nasdaq crack over 1%; defence stocks rally

US stock market ended sharply lower on Friday, led by losses in financials and information technology stocks, after conflict in the Middle East escalated as Iran launched counterstrikes at Israel. The Dow Jones Industrial Average dropped 1.79% to 42,197.79, while the S&P 500 declined 1.13% to end at 5,976.97. The Nasdaq closed 1.30% lower at…

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