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Gold futures settle lower for fourth straight session on Tuesday

24 Nov 2021 Evaluate
Gold futures settled steeply lower for fourth straight session on Tuesday, marking the longest stretch of declines since April.  Rising risk appetite with the bets over quicker roll back of accommodations by Federal Reserve weighed down investment appeal of the bullion. The yellow metal for the most active contract ended near three week lower level in the session with the stronger dollar and Treasury bond yields.

Gold futures for December dipped by 1.2% or $22.5 to settle at $1,783.80 an ounce on the Comex division of the New York Mercantile. Spot gold fell by 1% to $1,787.22 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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