Gold trades with a positive tone amid improving rate cut
prospects and short covering against no major release scheduled for
the day.

On Friday, markets came under pressure and closed over a percent lower, weighed down by weak global cues.

The markets remained volatile for yet another session, ending slightly lower as part of the ongoing consolidation phase

Gold trades with a positive tone as the impact of the previous
day’s weak U.S. Job Openings and Labor Turnover Survey data release,
which boosted hopes for a sizable Federal Reserve interest-rate cut in
September.

The markets ended their gaining streak, losing nearly half a percent due to weak global cues.

Gold markets are attempting for a pull back as the investors and
fund houses position themselves ahead of the evening releases. Support
is near 70900 with resistance close to the 71700 level.

The markets traded subdued and ended the day nearly unchanged, continuing the ongoing gradual uptrend. After a flat opening, the Nifty index fluctuated within a narrow range throughout the session, eventually closing at 25,279.85.

Gold markets are trending lower as the market turns cautious
ahead of the PMI data. The precious metal is likely to witness a
volatile week with a number of key employment data scheduled

The markets began the week on a positive note and registered modest gains during a subdued trading session.

Gold futures are broadly flat on $2,528.50 a troy ounce, holding
close to their all-time record of $2,570.40 set in Aug. 20.