Globe Capital Research Report

BULLION- Gold holds in narrow range as spotlight shifts to US jobs data  

• Bullions counter may trade with mixed bias as yellow metal fell on Thursday as investors held back from making significant bets, awaiting the U.S. payroll data later in the day for insights into the Federal Reserve's policy direction.

"Growth (of SUV sales) of about 18% for June, and the quarter at 20% plus, is in line with what we have put out as mid-to-high teens growth for SUVs," Nalinikanth Gollagunta, chief executive officer of M&M's automotive division, said.

BULLION- Gold subdued as traders await US jobs data for cues on rate cuts  

• Bullions counter may trade with mixed bias as yellow metal edged lower on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, although a weaker dollar helped limit losses for greenback-priced bullion.

Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday that state-run oil marketing companies are set to receive long-awaited compensation for under-recoveries on subsidised sale of liquefied petroleum gas.