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Gold futures end higher after Fed decision

17 Dec 2020 Evaluate
Gold futures ended higher on Wednesday, extending gain to second session in a row followed by the US Federal Reserve’s promise to pin the benchmark interest rate near zero till a complete economic recovery. Intensified cues for more fiscal stimulus measures by US government also lifted inflation hedge appeal of the bullion.

Gold futures for February delivery settled up 0.2% to $1,859.10 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.5% at $1,862.72 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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