Religare Broking Podcast

Gold trades in a tight range ahead of the initial jobless claims release in addition to participants keenly waiting for the speeches by Federal Reserve officials through the week that could give further clues on when the U.S. central bank may start easing its monetary policy.

Gold trades in a tight range ahead of speeches by Federal Reserve officials through the week that could give further clues on when the U.S. central bank may start easing its monetary policy. 

Markets continued with the range bound bias and ended almost unchanged.

Markets reversed Monday’s decline and gained nearly a percent, in continuation to the prevailing consolidation range.

Gold trades with a weak tone as the dollar and Treasury yields have jumped up while the better than expected US labour market data, released last week continues weighing over the trader’s mind-set.

It turned out to be a roller coaster ride for participants on Friday as the benchmark oscillated sharply on both sides and ended with modest gains. 

Gold trades with a positive tone as the dollar and Treasury yields retreated, while traders awaited key U.S. jobs data due later in the day for clues on when the Federal Reserve could start rate cuts. 

Markets oscillated in a narrow range on the budget day and settled marginally lower. 

Markets edged higher ahead of the interim budget and gained nearly a percent. 

Gold has moved in a tight range Gold prices, as investors reduced their bets of swift and deep U.S. rate cuts in the light of a resilient economy, ahead of the Federal Reserve's monetary policy decision later in the day.