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October 15, 2024 New Delhi, India Oil Prices Oil prices fell sharply in Asian trade on Tuesday, extending recent losses due to growing concerns over a potential demand slowdown. Reports that Israel will refrain from attacking Iranian oil facilities further weighed on crude prices. Key Highlights: Price Drop: Brent futures fell 3.5% to $74.59 per…
August 12, 2024 New Delhi, India Iran-Israel Conflict As tensions in the Middle East escalate, the leaders of the United Kingdom, France, and Germany have issued a joint statement warning Iran against any attacks on Israel. The statement emphasizes the potential consequences of such actions, highlighting the risk of further destabilizing the region and undermining…
April 16, 2023 New Delhi, India Gold Prices Gold prices have surged as geopolitical tensions between Iran and Israel escalate, overshadowing the US dollar’s five-month high. Despite disappointing US retail sales data, gold reached an intraday high of ₹73,169 per 10 gm on the Multi Commodity Exchange (MCX) today. Iran-Israel Conflict Fuels Gold Rally: Geopolitical…
April 15, 2023 New Delhi, India Major Highlights Of The Day India’s Merchandise Trade Deficit Narrows in March India’s Commerce Ministry released trade data for March 2024, revealing a significant reduction in the country’s merchandise trade deficit. The deficit narrowed to $15.6 billion, down from $18.71 billion in February and $18.96 billion in March 2023….
February 12, 2023 New Delhi, India Crude Oil Faces Decline Following Israel’s Ceasefire Reports Amidst ongoing geopolitical tensions, the crude oil market experienced a setback as reports emerged of Israel “concluding” its attack on Gaza. This development, coupled with other market factors, has led to a slip in crude oil prices after witnessing a notable…
February 8, 2023 New Delhi, India WTI Price Holds Steady Amid Geopolitical Tensions West Texas Intermediate (WTI) oil price remains relatively stable as geopolitical tensions escalate, influenced by developments in the Israel-Hamas conflict and fluctuations in crude oil stockpiles. Israel Rejects Hamas Ceasefire Offer Israeli Prime Minister Benjamin Netanyahu’s dismissal of Hamas’ ceasefire offer has…
November 8, 2023 New Delhi, India Israel-Hamas Conflict The ongoing conflict between Israel and Hamas has raised concerns globally, with reverberations expected to affect India’s growing economy. The escalating tensions in the Middle East have prompted a closer evaluation of how this conflict might influence India’s economic landscape. Israel-Hamas Conflict and India’s Economic Vulnerability The…
October 27, 2023 New Delhi, India Israel Launches Ground Raid into Gaza Amid Ongoing Conflict In the midst of the ongoing Israel-Hamas conflict, Israeli forces have launched a ground raid into Hamas-controlled Gaza. This escalation comes from Prime Minister Benjamin Netanyahu’s declaration that preparations for a ground war were underway. Israeli Incursion into Gaza The…
New Delhi, India October 10, 2023 Israel-Hamas Conflict In the heart of the Middle East, a crisis of immense proportions is unfolding. The Israel-Hamas conflict, marked by a surprise attack by Hamas, a Palestinian militant group, has resulted in a tragic loss of life and escalated geopolitical tensions. Human Toll: A Devastating Reality The…
October 25, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) drifted lower during the Asian session on Friday, though losses remained limited within the weekly range. The US Dollar’s resilience—backed by lower expectations of aggressive Federal Reserve rate cuts—has contributed to the softer Gold trend. Stable equities also steered investor interest away from the…
