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Gold Prices to Stay Sensitive to US-Iran Tensions, Analyst Says

Gold prices are expected to remain under the influence of geopolitical developments surrounding the US-Iran conflict in the near term. Praveen Singh, Head of Currencies and Commodities at Mirae Asset ShareKhan, shared this outlook for July 14. The analyst highlighted that any escalation or de-escalation in US-Iran tensions could directly impact gold's price movement. Investors and traders are being advised to monitor geopolitical headlines closely as a key driver for gold markets.

India's Newest Airline in Fundraising Push Amid Iran Conflict Fuel Cost Surge

India's youngest airline is actively seeking fresh funds as financial pressures mount, according to a report. The ongoing US-Iran conflict has caused significant flight disruptions across the region, impacting airline operations. Jet fuel prices have surged as a result of the tensions, adding to the financial strain. Fuel costs typically account for around 40 percent of an airline's total operating expenses, making the price spike particularly damaging. The fundraising effort is seen as critical to sustaining the carrier's operations amid the turbulent environment.