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Gold futures finish higher as dollar weakens

03 Mar 2021 Evaluate
Gold futures finished higher on Tuesday, rebounding from eight month low level after the green back eased making the bullion cheaper for other currency holders. Moreover, weaker bond yields also lifted the yellow metal for the first time after five straight sessional losses.

Gold futures for April delivery rose by 0.6% to settle at $1,733.60 an ounce on the Comex division of the New York Mercantile. Spot gold up 0.8% at $1,736.46 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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