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Welcome to our Podcast series wherein our Research Desk shares daily and weekly market updates to apprise you on the equity and commodity market trends. Start your investment journey today! Click https://bit.ly/rblaccount to open a Free Demat and Trading Account. For more updates, follow our reports and recommendations. You can also contact your relationship manager or nearest branch. Please read the disclaimer document available on religareonline.com/disclaimer before trading or investing.
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Gold prices are trading in a narrow range but the bias is positive, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's stance on interest rate cuts. Intraday support lies near 71550 with resistance close to the 72200 level.
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Gold prices are set to post a second consecutive weekly gain on Friday as recent softer U.S. economic data kept traders optimistic for interest rate cuts later this year, with other precious metals also heading for a weekly gain. Intraday support lies near 72450 with resistance close to the 73100 level.…
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Gold hit a two-week high on signs of a cooling U.S. labor market, strengthening a case for a September interest rate cut by the Federal Reserve, while investors positioned for U.S. non-farm payrolls data. Intraday support lies near 72500 with resistance close to the 73300 level.
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Gold prices inched up on Thursday following a sharp rise in the previous session as the dollar and bond yields weakened after the U.S. consumer inflation data boosted the likelihood of rate cuts by the Federal Reserve as early as September. Day’s support lies near 72600 with resistance close to the 73500 level.…
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The week kicked off with market volatility, but by the end, it managed to eke out marginal gains. Initially bearish sentiments gave way to a recovery, particularly among key heavyweights, which not only erased losses but also propelled the index to close near the day’s peak at 22,125.50. Sector-wise, there was a mixed bag, with pharma, metal, and r…
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