Gold prices traded almost flat as the US dollar and Treasury yields firmed ahead of key inflation data that could provide clues on the Federal Reserve's next policy move.

Markets extended gains for the second consecutive day and rose over one and a half percent.

Gold prices traded higher today as the dollar and US Treasury yields eased, with investor focus shifting to key inflation data due on Friday that could influence the Federal Reserve's decision to taper its stimulus at a faster pace.

Gold prices traded steady today as improved risk sentiment and a firmer dollar offset support for bullion stemming from worries about the economic impact from the Omicron coronavirus variant.

Markets made a strong recovery after two days of decline and gained nearly 1.5%.

Gold prices held steady as market participants weighed the prospect of a faster end to pandemic-era asset purchases by the U.S. Federal Reserve after data suggested the labor market was rapidly tightening.

Markets plunged sharply lower and lost over one and a half percent, in continuation to Friday’s fall.

Markets managed to end with modest gains last week amid mixed cues however excessive volatility across the board kept the participants on their toes.

Gold prices steadied today as U.S. Federal Reserve Chair Jerome Powell commented that pandemic-era asset purchases could end sooner than previously anticipated which dented the bullion’s appeal.

Markets failed to extend the rebound and lost nearly a percent citing caution due to the COVID variant.