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GOLD

Gold trading range for the day is 47130-47760.

Gold gains after Federal Reserve Governor Christopher Waller said he expects inflation will moderate

Although gains were capped by elevated Treasury yields and the potential reduction in Federal Reserve’s asset purchases.

Production at U.S. factories fell by the most in seven months in September, another indication that supply constraints were hampering economic growth.

Meanwhile, U.S. benchmark 10-year Treasury yields jumped to their highest since May 20.

BUY GOLD DEC 2021 @ 47350 SL 47100 TGT 47650-47840.MCX

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