SENSEX   73,832.55

 -150.63

NIFTY   23,161.60

 -53.35

NIFTY   23,161.60

 -53.35

CRUDEOIL   8,338.00

 -388.00

CRUDEOIL   8,338.00

 -388.00

GOLD   149,205.00

+ 1,188.00

• Spot gold was down 0.3 per cent at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8 per cent. US gold futures for August delivery rose 2.6 per cent to $4,222.10.
• Gold fell to an over six-month low on Thursday before closing higher at $4,219.69 as US President Donald Trump called off planned military strikes on Iran and signalled an imminent peace deal.
• President Donald Trump on Thursday said the United States and Iran could sign a peace deal as soon as this weekend that would reopen the Strait of Hormuz to shipping, but Iran countered that it had not reached a final decision on an agreement.
• US producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the West Asia conflict drove up the cost of energy products.
• Traders are currently pricing a 60 per cent chance of a US rate hike in December, according to the CME Group’s FedWatch tool.
• While gold is seen as a hedge against inflation, higher interest rates tend to weigh on the non-yielding metal.
• DBS Group, Singapore’s biggest bank by assets, said on Thursday it will offer tokenised physical gold to retail customers as demand for the precious metal grows and the city-state pushes to become a gold trading hub.
• Spot silver fell 0.4 per cent to $67.11 per ounce, platinum gained 0.3 per cent to $1,724.45, while palladium rose 1 per cent to $1,281.75.