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Gold futures settle near five week high level on Thursday

24 Dec 2021 Evaluate
Gold futures settled near five week high rate on Thursday, clinging to the key $1800 benchmark ahead Christmas holiday. The yellow metal gained as the headwind dollar slipped amid concern that Omicron wave might impact global economic outlook in the newyear.

Gold futures for February lifted by 0.5% or $9.50 to settle at $1811.70 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.4% to $1,809.89 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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