Market News for F&O traders

Gold prices fell sharply this week as rising oil prices, inflation concerns and expectations of tighter US monetary policy pressured bullion. MCX futures dropped around 3.5%, while Chennai retail 24K gold prices declined 3.85% to ₹1,42,480 per 10 grams.

Vikas Kaushal, Chairman and Managing Director (CMD) informed the state-owned OMC is procuring more on landed basis than on FOB basis and term contracts

Small caps led the decline as valuation worries and concerns over oil prices and borrowing costs overshadowed stronger corporate earnings.

Silver has fallen ₹56,000 from its August peak, and gold has also declined sharply as higher yields reduce the appeal of non-yielding assets. Middle East tensions have pushed oil prices higher, adding to inflation concerns and uncertainty over the Federal Reserve’s next move.

Wall Street opened lower as investors weighed AI spending concerns and rising borrowing costs, while escalating Iran tensions pushed crude oil prices higher.

Investors are reassessing the cost of the AI boom just as SpaceX’s reported wireless ambitions threaten to redraw the telecom landscape. With oil prices adding to inflation worries, Wall Street heads into a key Fed week facing multiple sources of uncertainty.

Gains remained modest as soaring crude oil prices, amid escalating tensions in West Asia, dampened investors' sentiment