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The Economic Times
The Economic Times
Shaghil Bilali

What should you do with your gold investments amid delay in US-Iran deal, high oil prices and inflationary concerns

Gold Prithviraj Kothari United States Oil Iran Inflation MCX Colin Shah ETF crude oil

Gold prices on the Multi Commodity Exchange of India (MCX) dipped on Wednesday due to delays in the US-Iran deal, which are causing geopolitical concerns and global economic uncertainty. Even though the US launched strikes at Iran, US Secretary of State, Marco Rubio, said on Tuesday that the potential deal to end the US-Israel conflict with Iran could take a few days. Meanwhile, Israel’s attacks on Lebanon are also intensifying tensions.

Amid this uncertainty, gold traded at Rs 1,56,229 on MCX in the morning session, down from Rs 1,57,264 a day ago.

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