Bullions counter may trade on lower path as gold fell on Thursday, hovering near a one-week low set in the previous session, as renewed U.S.-Iran hostilities lifted oil prices and reignited concerns about inflation and higher-for-longer interest rates.
Middle East on boil again as new US strikes mark fresh escalation- Daily Market Update 9th July 2026
The United States launched a fresh wave of military strikes against Iran, reports said on July 9, marking another sharp escalation in the conflict centred on the strategically vital Strait of Hormuz after President Donald Trump indicated that a temporary understanding between Washington and Tehran had effectively collapsed.
Bullions counter may trade on lower path as gold eased on Wednesday to its lowest level in nearly a week, as U.S. strikes on Iran boosted oil prices and the dollar, raising concerns that inflation could keep interest rates higher for longer and weigh on non-yielding bullion.
Asian equity markets decline as Middle East tensions escalate after fresh US strikes on Iran – Daily Market Update 8th July 2026
Asian markets opened lower on Wednesday as investors reacted to a fresh escalation in the Middle East after the United States launched new strikes on Iran, raising concerns over regional stability and energy supplies. Market sentiment deteriorated after a U.S. official said American forces carried out overnight strikes on an Iranian military facility believed to pose a threat to U.S. personnel and commercial vessels operating in the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps said it had targeted a U.S. air base following an American strike near Bandar Abbas airport.