Global Cues Point to Cautious Opening for Indian Markets
Global markets present mixed signals for India's opening trade. US markets saw gains and record highs before a holiday break, while Asian peers trade higher. Gift Nifty indicates a cautious start, and precious metals like gold and silver continue their record-setting rally, driven by safe-haven demand and industrial use.
- US markets closed higher, reaching record highs before Christmas break.
- Asian equities show modest gains in thin holiday trading.
- Gift Nifty suggests a mildly negative or cautious opening for Indian indices.
- Gold prices surged to new record highs amid safe-haven demand.
- Silver prices also hit record levels, buoyed by industrial demand.
- Crude oil remains influenced by supply dynamics, trading below $60.
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