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Markets plunged sharply lower and lost over 5.5%, pressurized by weak global cues.
Gold prices traded subdued today, and we're on pace to post a more than 1% fall for the week, dented by a stronger dollar and hawkish policy signals from global central banks even as recessionary fears loom.
Markets tanked on the weekly expiry day and lost over 2%, tracking feeble global cues.
Gold prices steadied today, buoyed by another dip in the dollar as investors assessed the implications of policy tightening by central banks to fight inflation.
The equity markets traded nervously ahead of the US Fed meet outcome.
Gold prices rose from near one-month lows today by weaker Treasury yields, ahead of a potentially aggressive interest rate hike from the US Federal Reserve as it seeks to combat inflation amid mounting fears of an impending recession.
Markets ended marginally lower in a volatile trading session, in continuation of the prevailing trend.
Gold prices fell today on expectations that the Fed could adopt an aggressive stance to control inflation, and this is weighing on bullion prices.
Markets started the week with a sharp cut, in continuous to the prevailing corrective phase.
Gold prices fell today after the dollar strengthened and Treasury yields rose as data showing surging inflation in the U.S. fuelled bets for steeper rate hikes from the Federal Reserve.
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