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Gold prices inched higher today as appetite for risk weakened ahead of US inflation data that could support the Federal Reserve's aggressive policy stance to contain rising pricing pressures.
Markets started the week on a feeble note following weak global cues and lost over half a percent.
Gold prices rose today buoyed by inflation jitters amid the war in Ukraine.
Markets rebounded after three days of continuous decline and gained nearly a percent.
Markets traded volatile and settled marginally higher in the eventful week.
Gold prices traded in a narrow range today caught between expectations of aggressive US interest rate increases and jitters over high inflation and the economic fallout of the Ukraine crisis.
Markets continued to slide for the third straight session owing to weak global cues.
Gold prices inched up today, as inflation worries intensified by the Ukraine war and mounting sanctions on Russia eclipsed pressure from the US Federal Reserve's aggressive policy stance.
Markets inched lower for the second consecutive session and lost nearly a percent.
Gold prices eased in the international markets today as US Treasury yields jumped with investors awaiting minutes of the Federal Reserve’s March policy meeting, which is expected to offer details on plans to begin unwinding the central bank’s nearly $9 trillion balance sheet.
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