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Gold futures end lower on Tuesday

13 Jan 2021 Evaluate
Gold futures ended lower on Tuesday, in lacklustre trade as the higher bond yields pressured the yellow metal as they increase the opportunity cost of holding non-yielding bullion. However, weaker dollar limited some losses in the session.

Gold futures for February delivery slipped by 0.4% or $6.6 to settle at $1844.20.an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.1% to $1,856.86 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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