Religare Broking Podcast

Gold prices are trading firm on a softer dollar but the gains are moderate as investors wait for a major U.S. inflation figure due later this week, which could provide more insight on when the Federal Reserve may begin decreasing interest rates.

Markets started the week on a feeble note and lost nearly half a percent, in the absence of any major trigger. 

Gold trades with a positive bias amid a weak tone in the dollar. Support is near the 61800 mark with resistance close to the 62600 level.

Markets took a breather on Friday and ended almost unchanged amid mixed cues. 

Gold firms have softer dollar, Middle East tensions lend support.

Gold now attempts to move up after the morning hour losses. 

Markets oscillated sharply on both sides and finally ended the session with a gain of nearly a percent.  

Markets recovered strongly in the final hour of the trade to close at record high levels, continuing its winning streak for straight six sessions in a row. 

Gold trades with a positive bias amid weakness in the dollar. 

Markets continued to scale higher for the fifth consecutive session and witnessed a record closing at 22122.25 gaining nearly 0.32 percent.