Mumbai, Feb. 23 -- Precious metals surged in early Asian on Monday, boosted on safe haven demand amid signs of rising tensions between the US and Iran. Meanwhile, US President Donald Trump announced a new framework following a Supreme Court verdict against his sweeping tariffs and imposed a new global levy of 15% - the maximum allowed under the statute - on items imported into America. Data released on Friday showed that the US Personal Consumption Expenditures (PCE) Price Index increased 2.9% over the 12 months through December. Furthermore, the core gauge, which excludes the volatile food and energy components, advanced 3.0% YoY, reaffirming bets that the US Federal Reserve (Fed) would not cut rates in March. Weakness in dollar overseas i...
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