Religare Broking Podcast

It turned out to be a roller coaster ride on Friday as Nifty oscillated on both sides and ended lower. 

Gold has edged up from five-month lows as the dollar and bond yields retreated, with bullion headed for another weekly decline as encouraging data from the U.S. reinforced expectations the Federal Reserve was not done with hiking rates.

Markets traded under pressure and lost over half a percent, tracking feeble global cues.

Gold seems to consolidate after the recent losses

Markets showed resilience amid weak global cues and ended marginally in the green.

Gold prices traded flat on Wednesday, a day after breaching the key $1,900 support level on strong U.S. consumer spending data fueling speculation that the Federal Reserve was not done with its interest rate hiking cycle.

Markets started the week on a volatile note and ended almost unchanged.

Markets traded under pressure and lost over half a percent, in continuation to the prevailing corrective tone.

Gold trades with a positive bias after the previous day’s decline. The fall was moderated after data showed that the U.S. consumer prices increased moderately in July, indicating that US FED at the end of its rate hike cycle.

Markets remained volatile on the weekly expiry day and lost nearly half a percent.