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Gold futures finish near nine month low level on Wednesday

04 Mar 2021 Evaluate

Gold futures finished near nine month low level on Wednesday amid higher government bond yields. Anticipation about a quick economic rebound fuelled by a swift rollout of COVID-19 vaccines has also dulled safe haven appeal of the bullion.

Gold futures for April delivery settled 1% down at $1,715.80 an ounce on the Comex division of the New York Mercantile. Spot gold was down 1.2% at $1,717.67 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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