Gold futures ended lower on Thursday as dollar strengthened after the US Federal Reserve raised worries over the slow pace of economic recovery in the United States, while kept its key interest rates and monthly bond purchases unchanged. Delay in a $1.9 trillion US corona virus stimulus package deal too puts further pressure on gold prices.
Gold futures for February delivery lost $7 or 0.4%, to settle at $1,837.90 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.1% to $1,842.21 per ounce.
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.
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.
MoneyWorks4Me ensures this through: