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Gold futures trade higher in early deals of Monday

03 Jan 2022 Evaluate
Gold futures traded higher in early deals of Monday, with the safe haven bullion buying amid lingering fears over rampant spread of Omicron all over the globe. The yellow metal for the most active contract marked weekly rise of 0.9%, monthly gain of 2.9% and 4.1% for the quarter, though it dipped 3.5% this year, registering sharpest yearly dip since 2015.

Gold futures for February climbed by 0.1% to $1,830.30 an ounce on the Comex division of the New York Mercantile. While, spot gold trade mostly unchanged at $1,830.09 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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