Religare Broking Podcast

Gold has witnessed a sharp selloff after Trump's victory in the
U.S. presidential election, and is down 2.6% on week.

The markets traded lackluster, ending slightly lower as the consolidation phase continued.

Gold prices have steadied after an initial weak phase and the
market looks forward to fresh cues from the evening releases.

Gold prices have steadied ahead of the FOMC rate decision outcome
and cues from the upcoming Jobless claims data. Support is near 76200
with resistance close to the 77000 level.

The market extended its rebound, gaining over 1% amid positive global cues. Following a flat opening, the Nifty gradually climbed, largely driven by the upbeat performance in the U.S. markets as early polling results pointed towards Trump potentially returning as U.S. President. 

Gold has traded with a bearish bias on Election related
speculations. The market was of the view that prices should rise if
Harris won due to her policies supporting low interest rates

Markets managed to inch higher in a volatile session, closing with nearly a one-percent gain

Gold trades on a steady note with all eyes on the US election
outcome. The markets also look forward to cues from the evening
session releases. Support is near 78000 with resistance close to the
78700 level.

Markets began the week on a negative note, shedding approximately 1.3%, extending the ongoing downward trend. Persistent foreign fund outflows, coupled with caution surrounding the upcoming U.S. elections, weighed on sentiment.

Gold prices have eased a bit but trades with a positive bias
since the last few hours. The markets have exercised caution ahead of
a busy week between the U.S. presidential election and the Federal
Reserve's monetary policy decision.