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Gold futures end higher on softer dollar

24 Dec 2020 Evaluate
Gold futures ended higher on Wednesday, snapping four straight session losses and buoyed by the peaked US jobless claims and a considerable decline in the consumer spending in November. Moreover, the yellow metal got lifted with the safe haven appeal amid fears over a new coronavirus variant in the United Kingdom.

Gold futures for February delivery was up by $7.80 or 0.4% at $1,878.10 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.2% to $1,875.61 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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