Religare Broking Podcast

Gold hit one-week highs on Monday ahead of the U.S. Federal Reserve's policy decision this week, where it is overwhelmingly expected to keep interest rates steady.

Markets extended gains for the third successive week and made a new record high as well.

Markets extended up move after a day of pause and gained nearly half a percent.

Gold futures have recovered from the previous day’s decline. An increase in the Jobless claims data seems to offer support for the market.

Markets traded volatile on the weekly expiry day and ended marginally in the green. 

Gold futures are trading slightly lower below 58500 due to concerns about potential interest rate hikes following the latest U.S. consumer price inflation data, which met expectations.

Markets edged higher after a day of pause and gained nearly half a percent.

Gold prices held near two-week lows on Wednesday as higher U.S. bond yields weighed on bullion's appeal, while traders kept their eyes peeled for U.S. inflation data that could shape the Federal Reserve's interest rate path.

Markets took a breather after the recent surge and ended unchanged.

Gold inched lower on Tuesday due to a slight uptick in the dollar, although prices held a narrow range ahead of a widely watched U.S. inflation print that could provide more clarity on the Federal Reserve's interest rate trajectory.