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Gold futures settle lower on improved risk appetite

22 Dec 2021 Evaluate

Gold futures settled lower on Tuesday as improved investor appetite for riskier assets countered concerns about the rapidly spreading Omicron coronavirus variant. Moreover, US Treasury yields popped higher that’s also creating a further headwind for gold prices.

Gold futures for February delivery shrunk by 0.3% or $5.90 to settle at $1,788.70 an ounce on the Comex division of the New York Mercantile. Spot gold was dipped by 0.18% to $1,788.77 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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