Gold futures settled steeply higher on Thursday, marking highest settlement for a most-active contract since November 17, whetted by softer dollar with US covid relief bill is close to the deal and as Federal Open Market Committee pledged to anchor key interest rates at zero until the U.S. economy’s recovery is secure. The yellow metal which is considered as an inflation hedge got buoyed with the lower interest and on stimulus hopes.
Gold futures for February delivery was up by $31.3 or 1.7% to settle at $1890.40 an ounce on the Comex division of the New York Mercantile. Spot gold jumped 1.2% to $1,885.76 per ounce.
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: