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Gold futures trade lower in early deals of Tuesday

16 Feb 2021 Evaluate
Gold futures traded lower on Tuesday, extending losses from previous sessions amid improved risk appetite in the market with the anticipation of global economic recovery with the reduced number of covid cases reported and faster vaccine rollout. US market was closed yesterday due to President’s Day holiday.

Gold futures for February delivery traded down by $4.3 to $1817.30 an ounce on the Comex division of the New York Mercantile. Spot gold edged up 0.1% to $1,820.71 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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