Gold posted a fourth consecutive weekly gain as softer-than-expected U.S. producer price data and a weakening dollar provided more durable tailwinds than geopolitical relief from ceasefire developments. The combination of easing inflation signals at the wholesale level and dollar depreciation lifted bullion even as risk appetite improved on the geopolitical front, suggesting macro factors are currently driving the metal more than safe-haven demand. A soft PPI reading reduces real yield expectations at the margin, making non-interest-bearing assets like gold comparatively more attractive. Dollar weakness compounds this effect by lowering the cost of gold for non-U.S. buyers, broadening demand across global markets. The fact that ceasefire news failed to cap the rally underscores that the bid is structural rather than purely defensive. For investors, the four-week run signals persistent positioning in gold as a macro hedge against disinflation and currency softness rather than crisis hedging. Key variables to track include the trajectory of U.S. producer and consumer prices, Federal Reserve rate expectations, and whether dollar weakness extends into the next trading period.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
