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Gold futures finish higher with stimulus hopes

20 Jan 2021 Evaluate
Gold futures finished higher on Tuesday, whetted by weaker dollar making the bullion cheaper for other currency holders and on inflation hedge appeal of the yellow metal counting on additional stimulus measures in US to kick start the economy by the covid created slump.

Gold futures for February delivery settled up 0.6% to $1,840.20 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.2% at $1,840.38 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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