Religare Broking Podcast

Markets took a breather after yesterday’s surge and ended marginally lower.

Gold edged lower today as higher US Treasury yields and expectations of aggressive interest rate hikes by the Federal Reserve dimmed the appeal of non-yielding bullion.

Markets started the week on a buoyant note and gained over 2%, in continuation of the prevailing recovery phase.

Gold prices witnessed decline in the morning session as the dollar and Treasury yields firmed following a solid U.S. payrolls report that raised expectations of aggressive rate hikes.

Markets rebounded sharply and ended with strong gains, after a minor pause in the previous session.

Markets posted strong gains and settled around the week’s high despite mixed global cues.

Gold prices eased today and headed for a weekly fall, as higher Treasury yields dented the appeal of zero-yield bullion, with a stronger dollar adding further pressure.

Markets took a breather on a monthly expiry day and ended the last day of the financial year on a flat note.

Gold prices inched lower today and are on course to post their biggest quarterly gain since September 2020 as the safe-haven metal's appeal was lifted by the Russia-Ukraine conflict and concerns over sky-high inflation.

Markets continued to trade higher for the third consecutive session largely driven by supportive global cues.