Religare Broking Podcast

Gold prices edged lower, with cautious investors' focus being on a key US inflation reading as it could influence the size of the Federal Reserve's next interest rate hike.

Markets started the week on a firm note and gained over half a percent, in continuation of the prevailing trend.

Gold prices rose in the morning as the dollar fell to a more than two-week low, prompting investors to buy bullion, while markets eyed U.S. inflation data for further clues on Federal Reserve rate hikes.

Markets ended marginally higher in a volatile session, in extension to the recent up move.

Markets ended the 3-week long consolidation phase and posted decent gains, tracking favorable cues.

Gold prices surged higher, helped by a dip in the dollar as the Euro surged against its counterpart after the European Central Bank raised its key interest rates by an unprecedented 75 basis points yesterday.

Markets traded upbeat on the weekly derivatives expiry day and gained nearly a percent, tracking firm global cues.

Gold prices remained firm as a pause in the recent dollar rally took some pressure off bullion prices, with investors awaiting an interest rate hike by the ECB later in the day.

Markets ended marginally lower in a volatile trading session amid mixed cues.

Gold prices remained steady after signs of strength in the U.S. economy led to increased expectations that the Federal Reserve will keep raising interest rates at a fast pace.