Gold and silver prices opened higher on Multi Commodity Exchange (MCX) on Tuesday as investors remained cautious ahead of key U.S. inflation data due later in the day. The gains come despite fading hopes of a breakthrough in the U.S.-Iran peace talks, which pushed crude oil prices higher and renewed concerns that sticky inflation could keep global interest rates elevated for longer.
U.S. President Donald Trump said on Monday that the ceasefire with Iran was “on life support,” citing disagreements over several key issues, including a halt to hostilities across all fronts, the lifting of a U.S. naval blockade, the restart of Iranian oil exports and compensation for war-related damages.
