Religare Broking Podcast

Gold prices rose more than 1% today as Federal Reserve Chairman Jerome Powell allayed investor fears over bigger interest rate hikes in the US central bank's efforts to rein in soaring inflation.

Markets plunged sharply lower and settled with a cut of over 2%. Participants were in a cautious mood from the beginning ahead of the US Fed meeting outcome scheduled tonight.

Gold prices steadied today, a day after hitting an over two-month low, as investors awaited a policy decision by the US Federal Reserve and cues on its future interest rate trajectory.

Markets traded lackluster and ended marginally lower amid mixed cues.

Gold prices fell today as elevated US Treasury yields pressured demand for zero-yield bullion, ahead of a widely expected big interest rate hike by the Federal Reserve to contain rising inflationary pressures.

Markets remained volatile and ended with a cut of nearly a percent, in continuation of the prevailing consolidation phase.

Markets tightly held consolidation range for the second successive week and finally ended with a cut of nearly half a percent.

Gold prices jumped today, boosted by a pullback in the dollar, although bullion was headed for a monthly drop as aggressive interest rate hikes by the US Federal Reserve loomed.

Markets rebounded sharply and ended the monthly derivatives expiry session with decent gains.

Gold prices hovered near their lowest level in two months today, as expectations of aggressive US policy tightening added pressure on non-yielding bullion.