Gold trading range for the day is 48841-50713.
Gold prices softened after a strong dollar emerged following Fed’s Evans comment that interest rates could rise before the Fed’s inflation target is reached
Fed’s Powell said at the Congress should spare the Fed the difficulty of underwriting loans to hundreds of thousands of small firms within the Fed's program.
Chicago Fed President Charles Evans said that not providing fiscal support by the Congress poses a great risk to the US economy and businesses.
Virus and election uncertainty will continue to drive safe-haven flows to gold over the next couple of months.
SELL GOLD OCT 2020 @ 50600 SL 51000 TGT 50100-49850.MCX
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