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While recent data pointing to an easing in inflationary pressures has bolstered hopes of smaller interest rate hikes by the Federal Reserve, a tight labor market and resilient American economy have spurred worries that rates could stay higher for longer.

Gold has risen nearly $200 from a more than two-year low hit in September on expectations that the U.S. central bank would slow its pace of interest rate hikes, increasing the appeal of the non-yielding asset.

The uncertainty over the global economic outlook, along with mounting worries about a recession in the U.S., saw the two-year Treasury yield, which typically moves in step with interest rate expectations, slip overnight. It last stood at 4.3512%.

While optimists are betting on central banks pivoting to interest rate cuts, along with China fully emerging from its Covid isolation and conflict in Europe abating, others are on the lookout for risks that may throw markets back into turmoil.

The Dow Jones Industrial Average rose 23.20 points, or 0.07%, at the open to 33,264.76

​​An index provider must constitute an oversight committee for reviewing the existing index design. The committee must also review the index methodology to ensure it reflects the nomenclature and description of the index.​

As per the order, the regulator conducted a thematic inspection of BOI AXA Mutual Fund for the period August 2018 to February 2019 to verify the books of accounts, records and other documents pertaining to the mutual fund with respect to Inter Scheme Transfers (ISTs) and valuation of downgraded debt securities.

Broader markets ended with marginal gains. Nifty Bank settled with little losses. Sectoral indices put up a mixed show with some settling in the red and some in green.

Comex gold price edged lower in the Asian trading hours due to an uptick in US Dollar," said an analyst at HDFC Securities.In the international market, gold was quoting lower at USD 1,807 per ounce while silver was down at USD 23.93 per ounce.

If Nifty manages to sustain above 18200 levels in the short term, then the downside breakout of the said support that happened on Friday could be considered as a false downside breakout, and such development is likely to have sharp positive implications on the market, said Nagaraj Shetti of HDFC Securities.