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Gold futures finish higher on more stimulus bets

14 Jan 2021 Evaluate
Gold futures finish near one week high rate on Wednesday, buoyed by the inflation hedge appeal of the bullion with the hopes of more fiscal aid from a Joe Biden administration and as investors eyed on second Trump impeachment. Even though, gains in yellow metal remained trimmed with the higher bond yields and stronger dollar.

Gold futures for February delivery rose by 0.6% or $ 10.70 to settle at $1,854.90 an ounce on the Comex division of the New York Mercantile. Spot gold was little changed at $1,854.84 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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