Religare Broking Podcast

Gold prices are trading steadily as market participants remain cautious ahead of the key Federal Reserve meeting

Markets witnessed profit taking on Friday and shed over a percent, tracking weak cues. 

Gold now attempts from the morning lows amid participants taking cues from the latest housing start numbers, which have shown a decline of 8 percent to a seasonally adjusted annual rate of 1.43 million units last month.

Markets remained range bound but finally ended around the day’s high, in continuation of the prevailing uptrend. 

Gold prices have steadied near the eight-week highs reached in the previous session after economic data raised expectations that the U.S.

Markets traded volatile and settled marginally higher, taking a breather after two days of advance.

Gold prices have edged up on a dollar that was close to hitting its lowest in over a year, while traders waited for retail sales data from the United States to gauge any impact on the Federal Reserve's monetary tightening path. 

Markets started the week on a firm note and gained nearly a percent, in continuation to Friday’s surge.

Gold trades with a positive bias amid weak tone in the dollar index, lower US treasury yields and easing concerns regarding the rate hike fears.

Markets ended the final session on a strong note and gained nearly a percent.