Gold trading range for the day is 47649-48793.
Gold jumped as investors cheered U.S. Federal Reserve Chairman Jerome Powell’s comments that the central bank was unlikely to hike rates anytime soon.
Powell said the U.S. job market still had “some ground to cover” before it would be time to pull back support.
Gold demand has yet to recover fully from COVID 19, says WGC.
Festivals, weddings to bolster India's gold demand in H2, WGC
BUY GOLD OCT 2021 @ 48100 SL 47900 TGT 48350-48550.MCX
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