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Gold prices are trading sideways today as investors await key interest rate hike decisions from major central banks, which could present a clearer outlook for bullion.
Markets extended gains and rose nearly half a percent amid mixed cues.
Gold prices are trading firm due to weakness in the dollar as Fed officials signaled that they will likely stick with a 75-basis-point interest rate increase at their July 26-27 meeting.
Markets started the week on a buoyant note and gained nearly one and a half percent, tracking firm global cues.
Gold prices edged higher today amid the weakness in the dollar as Fed officials signaled that they will likely stick with a 75-basis-point interest rate increase at their July 26-27 meeting.
Markets remained volatile but finally ended with modest gains, taking a breather after the recent dip.
Markets took a breather and settled with a cut of a percent, after 3 weeks of successive rebound.
Gold prices remained muted in the morning session as the fears of aggressive U.S. interest rate hikes weighed on demand.
Markets remained volatile on the weekly expiry day and settled with a marginal cut.
Gold prices slipped in the morning session amid fears that the Federal Reserve could go for a more aggressive interest rate hike this month, after data showed U.S. inflation sky-rocketed in June.
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