Gold trading range for the day is 48717-49559.
Gold prices pared gains as the dollar edged higher, but expectations of fresh U.S. fiscal stimulus underpinned the bullion ahead of Fed’s meeting.
The dollar edged higher as a burst of volatility in stock markets around the globe sapped investors' appetite for riskier currencies.
Officials in U.S. President Joe Biden's administration tried to head off Republican concerns that his $1.9 trillion pandemic relief proposal was too expensive.
Optimistic expectations of successful vaccine injection have cooled down.
SELL GOLD FEB 2021 @ 49200 SL 49450 TGT 48950-48750.MCX
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