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Gold steadied as investors waited for comments from Federal Reserve officials this week which could provide insight into the prospects of tighter monetary policy.
Markets remained under pressure and lost nearly a percent amid mixed cues.
Gold prices inched up as a decline in the dollar and U.S. bond yields provided a boost to the precious metal.
Markets settled with a cut of nearly half a percent in a highly volatile session, taking a breather after the recent surge.
Gold prices remained on the side lines after data showed U.S. retail sales unexpectedly rose in September which bolstered expectations for sooner-than-anticipated interest rate hikes from the Federal Reserve.
Market started the week on a buoyant note and gained nearly a percent, tracking supportive global cues.
Markets traded buoyant in a holiday-shortened week and scaled to a newer high, led by strong local cues.
Gold prices hovered near a one-month peak as the dollar and Treasury yields retreated from recent highs, following hotter-than-expected U.S. inflation data.
For the sixth consecutive session, Bulls remained in control and pushed the markets to a newer high.
Gold prices traded firm in the morning as investors’ awaited U.S. inflation data and minutes from the Federal Reserve's last policy meeting for clues as to when the central bank would start withdrawing its pandemic stimulus.
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