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Gold declines as trade war concerns ease, US data in focus

April 29 (Reuters) – Gold fell on Tuesday as softening trade tensions between the U.S. and its trading partners dulled the metal’s safe-haven appeal, while investors awaited U.S. economic data to assess the Federal Reserve’s policy path. Spot gold fell 0.4% to $3,329.12 an ounce as of 0211 GMT. U.S. gold futures lost 0.2% to $3,342.40. “The risk environment has clearly improved recently, with market participants buoyed by optimism that the worst of the trade tensions may be behind us amid encouraging rhetoric around trade deals,” said IG market strategist Yeap Jun Rong. U.S. Treasury Secretary Scott Bessent said on

Pakistan defence minister says military incursion by India is imminent

ISLAMABAD, April 28 (Reuters) – Pakistan’s defence minister said on Monday a military incursion by neighbouring India was imminent in the aftermath of a deadly militant attack on tourists in Kashmir last week, as tensions rise between the two nuclear-armed nations. The attack killed 26 people and triggered outrage in Hindu-majority India, along with calls for action against Muslim-majority Pakistan. India accuses Pakistan of backing militancy in Kashmir, a region both claim and have fought two wars over. “We have reinforced our forces because it is something which is imminent now. So in that situation some strategic decisions have to

Opposition MPs demand special session of Parliament on Pahalgam terror attack

New Delhi, Apr 28 (PTI) More opposition MPs on Monday joined the call for convening a special session of Parliament in the wake of the Pahalgam terror attack. Rashtriya Janata Dal (RJD) MP Manoj Jha wrote to Prime Minister Narendra Modi, while Communist Party of India (CPI) MP P Sandosh Kumar sent a letter to Parliamentary Affairs Minister Kiren Rijiju, urging them to convene a special session of Parliament to express the will of the nation and send a message of unity. Independent Rajya Sabha MP Kapil Sibal had on Sunday requested political parties to urge the government to convene

Sensex jumps 1,006 pts on buying in Reliance after Q4 results, foreign fund inflows

Mumbai, Apr 28 (PTI) Benchmark BSE Sensex soared by 1,006 points to close above 80,000 level on Monday as a sharp rally in Reliance Industries and private banks, and foreign fund inflows helped stock markets cut short two days of fall amid India-Pakistan border tensions. The 30-share BSE Sensex jumped 1,005.84 points or 1.27 per cent to settle at 80,218.37 with 23 of its constituents ending with gains and seven in the red. During the day, it surged 1,109.35 points or 1.40 per cent to 80,321.88. The NSE Nifty rallied 289.15 points or 1.20 per cent to close at 24,328.50.

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