US-Iran Conflict Fuels Surge in Crude Oil and Gold Prices
MCX crude oil prices surged as tensions escalated between the US and Iran. The market reacted to the heightened conflict, causing MCX Gold to trade near ₹1.54 lakh per 10 grams.
The escalation of the US-Iran conflict is a key factor in the increase in MCX crude oil prices. This has led to a surge in the value of gold as investors seek safer assets during times of uncertainty.