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July 28 - According to Axios, senior U.S. officials believe that economic sanctions could ultimately cause more damage to the Tehran regime than a military strike. U.S. intelligence and open-source media reports point to a deepening economic crisis within Iran, including gasoline shortages in one of the worlds richest oil-producing nations. A senior U.S. government official stated, "The Iranians want to stop being bombed, and they want money. But the priorities are almost reversed—their real priority is money." Another U.S. official acknowledged that sanctions and a naval blockade would take much longer than bombing to force Tehran back to the negotiating table—and Trump has so far not approved a full-scale bombing campaign. This extended front could increase the political risk for Republicans, forcing them to defend an unpopular war and high oil prices during the midterm election campaign.Japans Topix index fell further to 2%.Unisound (09678.HK): Completed the upgrade of U2-ASR and U2-TTS capabilities, and continued to strengthen its multimodal large model capabilities, achieving a broad expansion from local cultivation of "hundreds of dialects" to global multilingual expansion in the field of speech large models.According to Axios, U.S. officials believe that economic sanctions could cause more harm to Iran than bombing.July 28 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Monday, with the benchmark contract down 2.9%, mainly reflecting the plunge in crude oil futures following the pause in the US-Iran conflict. Oil prices fell to their lowest point in a week on Monday. The USs sudden suspension of airstrikes against Iran over the weekend boosted hopes for a diplomatic solution to the conflict, de-escalation, and the resumption of shipping in the Strait of Hormuz. Agricultural product prices are typically influenced by the energy market, especially given the rapid growth in demand for agricultural products in biofuel production. One analyst stated that improved weather in the US Midwest was also a factor contributing to the plunge in futures prices. Commodity Weather Group indicated that temperatures in the Midwest are expected to ease after the weekends high temperatures, and upcoming rainfall will help alleviate drought pressures in agricultural areas.

Gold Prices Remain at Rs 54,480 While Silver Prices Rise Rs 1,200

Skylar Williams

Dec 29, 2022 11:11

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In early trade on Wednesday, the price of gold remained steady, with ten kilos of the yellow metal (24-karat) trading for Rs 54,480. In contrast, silver prices increased by Rs 1,200, and a kilogram of the precious metal now costs Rs 72,300.


According to the website GoodReturns, ten grams of 22-karat gold cost Rs 49,950 each gram.


10 grams of 24-karat and 22-karat gold are sold for Rs 54,480 and Rs 49,950 in Mumbai, Kolkata, and Hyderabad, respectively.


10 grams of 24-karat and 22-karat gold are priced at Rs 54,630 and Rs 50,100 in Delhi, respectively. In Chennai, the price of 10 grams of 24-karat and 22-karat gold is Rs 55,520 and Rs 50,900, respectively.


Gold prices declined on Wednesday as a result of a strengthening U.S. dollar, having increased by 2% in the previous session due to China's move to further relax COVID-19 restrictions.


SPDR Gold Trust, the largest gold-backed exchange-traded fund in the world, said Tuesday that its holdings increased by 0.6% to 918.51 tonnes.


According to industry insiders, the price of gold in Egypt has reached all-time highs as worried depositors seek safety from a collapsing currency and as some enterprises export bullion to obtain limited dollars to cover imports.


In Delhi, Mumbai, and Kolkata, 1 kilogram of silver is now trading for Rs 72,300, whilst in Chennai, 1 kilogram of silver sells for Rs 74,200.


Spot silver slid 0.4% to $23.95, platinum fell 0.5% to $1,015.17, and palladium decreased 0.5% to $1,820.88.