Iran

Precious metals markets are poised for heightened volatility following the collapse of diplomatic negotiations between the United States and Iran, a development that has unsettled global investor sentiment. Analysts expect gold and silver prices to react sharply as geopolitical risks intensify and macroeconomic indicators come into focus. Key triggers include inflation data, crude oil price movements, and signals from central banks, particularly the US Federal Reserve. In India, trading schedules will also be briefly disrupted due to a public holiday.

Global financial markets are bracing for heightened volatility as diplomatic talks between the United States and Iran concluded without a breakthrough, intensifying geopolitical uncertainty. Analysts expect investor sentiment to remain fragile when trading resumes, with crude oil prices emerging as a critical variable influencing market direction. The failure to reach a consensus has raised concerns over prolonged tensions in West Asia, a region central to global energy supply chains.

Gold futures experienced a sharp decline of Rs 6,004 to Rs 1.47 lakh per 10 grams on Thursday, snapping a four-day winning streak, following renewed geopolitical concerns over Iran. The drop was largely driven by a surge in the US dollar after former President Donald Trump indicated a possible escalation of military operations in Iran over the coming weeks. 

XRP faced renewed selling pressure as escalating geopolitical tensions between the United States and Iran dampened investor sentiment across global financial markets. After briefly gaining momentum, the cryptocurrency retreated over 3.5 percent from its weekly high, reflecting broader risk-off behavior seen in equities and digital assets. Conflicting signals around potential diplomatic engagement further fueled volatility, triggering significant liquidations in XRP futures markets.