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Gold futures finish higher on Friday

21 Nov 2020 Evaluate
Gold futures finished higher on Friday, whetted by the inflation hedge appeal of the bullion after US Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue. However, optimism over the developments in the covid-19 vaccine kept the yellow metal in loss for the week around 0.7%, based on the most active contract.
            
Gold futures for December delivery rose $10.90 or 0.60% to settled at $ 1872.40 an ounce on the Comex division of the New York Mercantile. Spot gold got buoyed by 0.3% to $1,871.99 per ounce.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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