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Gold futures rebound from previous session’s 6 week low rate

19 Jan 2021 Evaluate
Gold futures rebounded from previous session’s one and half year low level in early deals of Tuesday, in midst of expectations over global stimulus to jump-start the economy from the damage caused by the corona virus pandemics. Meanwhile, a firmer US currency limited the dollar denominated yellow metal as it makes the bullion costlier for other currency holders.

Gold futures for February delivery gained 0.4% to $1,836.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.1% to $1,838.51 per ounce.

About MoneyWorks4Me

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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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.

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Our Approach: Ensuring compounding work its magic on client portfolio.

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