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Gold futures settle higher despite firmer dollar

31 Dec 2021 Evaluate
Gold futures settled higher on Thursday, as the investment appeal of the bullion got kindled by the retreat in US Treasury bond yields and on hedge appeal of the bullion amid looming concerns over global economic health. However firmer dollar capped some gains in the session.

Gold futures for February climbed by $8.30 or 0.5% to finish at $ 1814.10 an ounce on the Comex division of the New York Mercantile. While, spot gold gained by 0.5% at $1,813.16 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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