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Gold slips as traders gauge US-China trade optimism, eye Fed policy

May 7 (Reuters) – Gold prices fell on Wednesday as optimism over potential U.S.-China trade talks weakened demand for safe-haven assets, while investors braced for the Federal Reserve’s policy decision due later in the day. Spot gold was down 1.3% at $3,383.88 an ounce, as of 0432 GMT. The metal climbed nearly 3% in the previous session. U.S. gold futures fell about 1% to $3,391.80. “Gold seems to be pulling back amid a broad-based “risk on” move across markets … this is a pro-cyclical configuration that might echo optimism amid clues that the U.S. and China have started real trade

Operation Sindoor: Congress lauds security forces

New Delhi, May 7 (PTI) The Congress on Wednesday lauded the security forces for acting against terror camps in Pakistan and Pakistan-Occupied Kashmir, and said national security was foremost for the party. Congress president Mallikarjun Kharge said India has an unflinching national policy against all forms of terrorism emanating from Pakistan and PoK. “We are extremely proud of our Indian Armed Forces who have struck terror camps in Pakistan and PoK. We applaud their resolute resolve and courage. “Since the day of the Pahalgam terror attack, the Indian National Congress has categorically stood with the armed forces and the government

Sensex, Nifty see high volatility after India avenges Pahalgam attack

Mumbai, May 7 (PTI) Benchmark indices Sensex and Nifty witnessed high volatility in early trade on Wednesday after India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. Markets faced extreme volatile trends during the early trade. The Sensex hit the day’s high of 80,844.63 and an intra-day low of 79,937.48. The Nifty hit a high of 24,449.60 and a low of 24,220. Retaliating against the Pahalgam terror attack, Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba’s base in

Trump calls rising India-Pakistan tension a shame; Rubio speaks to both sides

WASHINGTON, May 6 (Reuters) – U.S. President Donald Trump termed rising tension between India and Pakistan a shame, while Secretary of State Marco Rubio spoke to officials in the nuclear-armed rivals after India attacked several sites in Pakistan and Pakistan-administered Kashmir. India is an important U.S. partner for Washington, which aims to counter China’s rising influence, while Pakistan remains an ally, despite its diminished importance after the U.S. withdrawal from neighboring Afghanistan in 2021. Pakistan said it was mounting a response to India’s military actions late on Tuesday, which followed an Islamist militant attack that killed 26 in the Indian-administered

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