June, 03 2026 Wednesday 18:49 Hrs
Last update 11-9-2025
  • SENSEX :   74,346.17

  • Top commodity trading and broking companies in India-303.67( -0.41%) 03-Jun-2026

Pre Session Commentary - Detailed News

Precious Metals Preview: COMEX gold rebounds after a near 2% drop yesterday
02-Jun-26   09:02 Hrs IST

COMEX gold ticked marginally higher in early Asia on Tuesday, as Iran deal uncertainty pushed up safe-haven demand for the yellow metal. However, renewed Middle East war concerns that have pushed up oil prices could drive inflationary pressures and weigh on metal prices. Iranian negotiators will stop exchanging messages with the United States (US) through intermediaries, and Iran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, as per media reports. Meanwhile, the US employment data for May will be in the spotlight later on Friday. Currently, gold futures are holding at $4526.40 an ounce, up 0.30% on the day, following a near 2% drop yesterday. Silver also edged higher to $75.63 per ounce this morning.

Powered by Commodity Insights

Top

Attention Investor:

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.