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Gold futures settle lower on Friday

27 Feb 2021 Evaluate
Gold futures ended lower for fourth straight session on Friday, registering the lowest finish since June pressured by the firmer green back and on dulled safe haven appeal of the bullion with the optimism over global economic recovery followed by the rising bond yields. The yellow metal for the most active contract logs a weekly decline of 2.7% and a monthly drop of 6% so far this year.

Gold futures for April delivery dipped by 2.6% to settle at $1,728.80 an ounce on the Comex division of the New York Mercantile. Spot gold down 2.5% at $1,726.31 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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