Religare Broking Podcast

Gold prices fell in the morning session after some relief as the dollar retreated from a 20-year peak, although hawkish signals from the Federal Reserve still weighed on the market.

Markets started the week on a feeble note and lost over a percent, pressurized by weak global sentiment.

Gold prices fell in the morning session as the dollar held on to gains following the U.S. Federal Reserve Chair Jerome Powell's signal at the Jackson Hole event that the central bank will raise interest rates further to tame sky-high inflation.

Markets managed to end marginally higher in a volatile trading session, in continuation of the prevailing consolidation phase.

Markets finally ended five-week of the successive rise and settled with a cut of over a percent amid mixed cues.

Gold prices traded lower in the morning session as traders awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell’s address to the economic forum at 7.30 pm today.

Markets traded volatile and lost nearly half a percent on the monthly F&O expiry day.

Gold prices are trading higher as the dollar slipped, while investors are looking forward to US GDP data and ECB Minutes later in the day for further cues.

Markets traded lackluster in a narrow range and ended marginally higher amid muted cues.

Gold prices remained steady in the morning session as the dollar arrested its losses after the Minneapolis Fed President said the central bank is set to keep tightening policy until inflation is clearly under control.