Overview
- Spot gold pushed toward $5,000 an ounce and silver cleared $100 for the first time, with futures marking new records on safe‑haven buying.
- The dollar index fell toward 98 and was set for its steepest weekly decline in about a year, reinforcing precious‑metals strength.
- The Bank of Japan kept its policy rate at 0.75% and lifted growth and inflation forecasts, while the yen whipsawed on intervention speculation following reported rate checks.
- India’s rupee hit a record low near 92 per dollar and equities slid almost 1%, even as MCX gold and silver futures jumped to fresh highs earlier in the session.
- Oil prices rebounded on renewed U.S.–Iran tensions and global stocks were mixed, with Wall Street pausing after gains tied to President Trump pulling back EU tariff threats and ruling out seizing Greenland by force.