Religare Broking Podcast

Markets traded volatile and closed almost unchanged, in continuation to the previous trading session.

Gold gained near $2,375 for the third straight session, as the investors looked forward to the US CPI data due later today to gauge the Federal Reserve's timing and extent of interest rate reduction. 

Markets fluctuated sharply within a range and ended up losing nearly half a percent

Gold prices edged up, a day after Federal Reserve Chair Jerome Powell's comments suggested the case for interest rate cuts is getting stronger, while investors braced themselves for a crucial U.S. inflation report. The day’s support lies near 72300 with resistance close to the 73100 level.

Today, the Nifty index traded within a narrow range and closed nearly unchanged, resulting in a muted session

Gold traded in a thin range since morning but the bias has remained upwards. Gold has steadied after Friday’s gains but weak dollar and recent data indicating softening US labor market keeps the tone positive. The day’s support lies near 72400 with resistance close to the 73100 level.

he markets experienced profit-taking and ended nearly flat, as expected.

Gold traded in a thin range since morning but the bias has remained upwards

The markets traded within a narrow range and ended nearly unchanged, pausing after Wednesday's gains.

Gold has been stuck in a thin range since morning. The tone overall is positive considering the softer-than-expected U.S. economic data have fuelled hopes that the Federal Reserve could cut interest rates as soon as September.