Gold trading range for the day is 49842-50956.
Gold prices dropped as a broader market sell-off driven by uncertainty over more U.S. fiscal stimulus pressured prices.
The U.S. Congress has for weeks remained deadlocked over the size and shape of a fifth coronavirus-response bill
Fed’s Kaplan said he is “completely” on board with keeping interest rates at their current near-zero level even into 2023
Last week the Fed promised not to raise rates until the economy reaches full employment and inflation is on track to moderately exceed the Fed’s 2% target.
SELL GOLD OCT 2020 @ 50800 SL 51100 TGT 50400-50100.MCX
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