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Gold rises as Israel-Iran fighting, Trump’s evacuation call spark demand

June 17 (Reuters) – Gold rebounded on Tuesday as heightened geopolitical uncertainty stemming from Israel-Iran fighting and U.S. President Donald Trump’s call to evacuate Tehran led investors to seek safe-haven assets. Spot gold rose 0.2% to $3,388.57 an ounce, as of 0418 GMT, after dropping more than 1% on Monday. U.S. gold futures fell 0.3% to $3,407.20. “Market sentiment continues to swing between escalation and de-escalation regarding events in the Middle East, and these back-and-forth sentiment shifts are what is driving the gold price’s moves either side of the $3400 level,” KCM Trade Chief Market Analyst Tim Waterer said. The

Stock markets trade lower in early deals amid ongoing Israel-Iran conflict

MMumbai, Jun 17 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Tuesday amid profit-taking after recording a sharp rally in the previous session as investors turned cautious in view of the ongoing conflict between Israel and Iran. Investors also preferred staying on the sidelines ahead of the US Fed interest rate decision later this week, experts noted. The 30-share BSE Sensex declined 127.02 points to 81,669.13 in early trade. The 50-share NSE Nifty dipped 55 points to 24,891.50. From the 30-Sensex firms, IndusInd Bank, Tata Motors, Titan, Bajaj Finance, Sun Pharma and UltraTech Cement were among the

Rupee rises 11 paise to 85.93 against US dollar in early trade

Mumbai, Jun 17 (PTI) The rupee rose 11 paise to 85.93 against the US dollar in early trade on Tuesday defying pressures from a weak opening in the domestic markets, rise in global crude oil prices, and a stronger dollar. At the interbank foreign exchange, the rupee opened at 85.96 against the greenback before rising further to 85.93, up 11 paise from its previous close. The rupee had closed at 86.04 on Monday. “If rupee closes above 86.20 today (Tuesday) or any day the importers will have hit a stop loss as the gains for dollar could go up to

Air India chairman says crash should drive effort to build safer airline

NEW DELHI, June 16 (Reuters) – Air India’s Chairman N. Chandrasekaran on Monday told staff that last week’s plane crash that killed at least 271 people should be a catalyst to build a safer airline, urging employees to stay resolute amid any criticism. In a town hall held at the headquarters of the Tata Group-owned airline near New Delhi and attended by 700 staff, Chandrasekaran said the crash was the “most heartbreaking” crisis of his career, a spokesperson told Reuters. “I’ve seen a reasonable number of crises in my career, but this is the most heartbreaking one,” he said, according

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