Religare Broking Podcast

Gold has extended the gains supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Reserve Chair Jerome Powell and key jobs data later this week. 

Gold trades in the positive territory amid weakness in the dollar in addition to the last week’s U.S. data pointed to signs of slowing inflation, affirming investor expectations of the first rate cut of the year in June.

Markets started the week on a muted note and ended almost unchanged, taking a breather after the recent surge.

Markets surged strongly on Friday and reclaimed the record high. 

Gold prices have established a one-month high on Friday and were set for a second weekly gain as the latest U.S. data pointed to signs of slowing inflation, affirming investor expectations of the first rate cut of the year in June. 

Markets traded volatile on the monthly expiry day but managed to end marginally higher. 

Gold has steadied ahead of the key economic data releases.

Markets edged lower and lost over a percent, pressurized by weakness in the select heavyweights.

Gold prices are attempting to pull back after the morning session’s weak phase.

Markets traded volatile for yet another session and managed to end marginally higher amid mixed cues.