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The market edged higher, continuing Thursday’s gains, and ended slightly in the green.

Gold trades sideways currently but prices appear set for a second consecutive weekly gain,

The market exhibited volatility during trading hours but managed to gain nearly one percent, indicating a continuation of its recovery trend

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.

The market continued its rebound, extending Monday's gains by over half a percent

Gold futures are trading flat as the markets favor the U.S. dollar. The dollar has gained ahead of the release of the U.S. Producer Price Index data later Tuesday and the consumer price index Wednesday.

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 realty sectors witnessing gains, while auto and energy sectors saw declines.

Gold is currently facing difficulty in trading upwards as investors wait for the key U.S. inflation data due later this week,

The markets experienced a rebound following a sharp decline on Thursday, closing with modest gains.

Gold has strengthened and on track for its best week since early April, as weak U.S. employment figures fueled bets of interest rate cuts by the Federal Reserve this year. Day’s support lies near 72500 with resistance close to the 73200 level