MCX Trading Delayed Due to Technical Glitch

The Multi Commodity Exchange (MCX) experienced a technical glitch, causing trading to be delayed and halted temporarily. Operations will resume from the Disaster Recovery (DR) site. The weakness in precious metals, including gold and silver, was attributed to easing trade tensions between the U.S. and China, reducing safe-haven demand. However, global gold prices recovered slightly on Tuesday, rising above $4,000 per ounce as a weaker dollar and expectations of further U.S. Federal Reserve rate cuts offset pressure from improving trade sentiment.