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Gold falls as easing trade tensions dampen appeal; US data in focus

April 30 (Reuters) – Gold prices dropped on Wednesday, pressured by a firmer dollar and a de-escalation in trade tensions between the United States and its trading partners, while investors awaited key U.S. data for cues on the Federal Reserve’s rate outlook. Spot gold was down 0.2% at $3,308.32 an ounce, as of 0242 GMT. U.S. gold futures lost 0.5% to $3,317.50. The dollar edged 0.1% higher against a basket of currencies, making bullion more expensive for overseas buyers. There’s been a minor recovery in the broad dollar strength, which led to a little bit of retracement in gold, said

Rupee traders monitor border news flow, eye yuan strength

MUMBAI, April 30 (Reuters) – The Indian rupee is expected to find support from the Chinese yuan at Wednesday’s open while market participants remain vigilant for any news related to the India-Pakistan border, where tensions continue to simmer. The 1-month non-deliverable forward indicated that the rupee will open marginally higher-to-flat to the U.S. dollar from the close of 85.2625 in the previous session. It was a choppy session for the rupee on Tuesday, with traders highly sensitive to any news related to India-Pakistan developments. The Indian currency hit a year-to-date high during the day, before reversing course. The rupee is

Dozens of tourist resorts in Kashmir are closed after deadly Pahalgam attack

SRINAGAR, India, April 30, 2025 (AP) — Authorities in Kashmir temporarily closed dozens of the tourist resorts in the scenic Himalayan region after last week’s deadly Pahalgam attack on tourists raised tensions between India and Pakistan and led to an intensifying security crackdown in Kashmir. At least two police officers and three administrative officials, who spoke on condition of anonymity in keeping with departmental policy, said Tuesday that the decision to shut 48 of the 87 government-authorized resorts was a safety precaution. They did not specify how long these places would be out of bounds for visitors. The decision comes

Gold climbs Rs 1,050 to Rs 99,450/10 gm, silver bounces Rs 3,500 ahead of Akshaya Tritiya

New Delhi, Apr 29 (PTI) Gold prices climbed Rs 1,050 to Rs 99,450 per 10 grams in the national capital on Tuesday on the back of fresh buying by jewellers and stockists ahead of Akshaya Tritiya, according to the All India Sarafa Association. Akshaya Tritiya, which is celebrated on the third day of bright half of Hindu calender month Vaisakha, falls on April 30 this year. On Monday, the precious metal of 99.9 per cent purity declined Rs 1,000 to Rs 98,400 per 10 grams. Gold of 99.5 per cent purity jumped Rs 1,100 to Rs 99,000 per 10 grams

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