Bullion Talks of stimulus package push gold prices up

摘要

Gold prices witnessed range bound price movement amid uncertainty surrounding fiscal stimulus package and U.S. elections. Month low - Early in the month MCX active Gold Futures started the month of October 2020 at Rs. 50,570 per 10 grams, up by 0.5 per cent over previous month's close helped by relatively downbeat US data releases. While U.S. consumer spending rose 1 per cent in August, the smallest increase since the U.S. reopened; the ISM manufacturing index slipped to 54.6 per cent in September from 56 per cent in the prior month.