Gold started losing its glitter since central banks started hiking rates. Central banks across the globe had reduced rates earlier to support economic activities, which were adversely affected during the pandemic. But now, many central banks are on the path of hiking rates to fight against higher inflation.
Tech View: Nifty forms long bull candle. What traders should do on Tuesday
Nifty’s short-term uptrend seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,800-22,900. Immediate support is