7 Palestinians fatally shot by Israeli soldiers in Gaza
Gaza, Sep 29 : Seven Palestinians, including a 12-year-old, were killed and atleast 506 others wounded by Israeli soldiers during the 27th round of Friday protests along the Gaza border, according to Palestinian medical sources.
Some of the wounded protesters who required hospitalization were in critical condition, the sources said, noting that 75 of the injured had gunshot wounds, Efe reported.
"More than 20,000 rioters and demonstrators have gathered in several places as part of the violent riots along the security fence on the border of the Gaza strip," the Israel Defence Forces said in a statement.
Protesters threw grenades, explosive devices and stones at the soldiers, who were "responding with riot-dispersion measures and are firing in accordance with standard operating procedures," the IDF said, adding that Israeli planes also carried out two airstrikes in northern Gaza.
Palestinian media reported that several protesters managed to cut a section of barbed wire and attack an IDF checkpoint.
The weekly border protests began March 30 as part of the Great March of Return, aimed at demanding the right of Palestinian refugees to return to their former homes inside and pressing the Israelis to end the blockade they imposed on Gaza in 2007.
IDF forces have killed 193 Palestinians in Gaza since the start of the Great March.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Gold declines Rs 1,100 to Rs 1.64 lakh/10g; silver slips to Rs 2.71 lakh/kg
New Delhi (PTI): Gold prices declined Rs 1,100 to Rs 1.64 lakh per 10 grams in the national capital on Friday as traders booked profits at elevated levels for the second straight session, while silver also slipped to Rs 2.71 lakh per kilogram.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated Rs 1,100, or nearly 1 per cent, to Rs 1,64,100 per 10 grams (inclusive of all taxes).
Silver also fell Rs 600 to Rs 2,71,700 per kg (inclusive of all taxes) in the bullion market.
Analysts said traders locked in gains after the recent sharp rally in precious metal prices, even as global trends remained mixed.
"After opening with a gap up earlier in the week, both gold and silver gradually declined this week as a stronger US dollar and rising Treasury yields, along with reduced expectations for interest rate cuts by Federal Reserve, outweighed safe-haven demand stemming from the escalating Middle East conflict," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
He added that investors continued to exit gold-backed exchange traded funds (ETFs) this week, indicating softer investment demand.
"ETFs reduced their gold holdings by 93,479 troy ounces in the latest session, marking the fourth consecutive day of outflows -- the longest losing streak since February 6," Gandhi said.
However, in the international markets, bullion prices were trading higher on renewed safe-haven demand, with spot gold gaining USD 14.70, or 0.29 per cent, to USD 5,095.81 per ounce, while silver increasing 1.4 per cent to USD 83.40 per ounce.
Traders said escalating tensions in the Middle East continued to support precious metals, though profit-booking limited gains in the domestic markets.
"Gold and silver prices experienced notable fluctuations on Friday, driven primarily by ongoing geopolitical tensions in the Middle East and robust safe-haven buying," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
These precious metals are gaining traction as investors seek refuge amid market volatility and rising crude oil prices, which surged to over USD 80 per barrel following the closure of Strait of Hormuz, a key global shipping route, raising concerns about supply disruptions.
"The US stock market reacted negatively, with major indices like the Dow Jones and S&P 500 witnessing significant declines, further fuelling interest in gold and silver," Garg added.
Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said investors are closely monitoring crucial macroeconomic indicators, including the unemployment rate and non-farm payrolls numbers scheduled to be released later in the day.
