Oil Prices Dip Following Trump's Announcement
Fears of war subsided after President Trump announced that he was postponing attacks on Iran for five days. Consequently, oil prices dropped by 13% and are currently trading at $95 per barrel. Meanwhile, gold and silver prices—which had witnessed a sharp decline on Monday morning—staged a recovery by the evening. In the Hyderabad bullion market, the price of gold reached as high as ₹1.46 lakhs per tola. Driven by these positive sentiments, Indian stock markets are expected to open with substantial gains on Tuesday.
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