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Gold futures settle higher for second straight session as dollar eases

06 Jan 2022 Evaluate
Gold futures settled higher for second straight session on Wednesday, as the risk aversion in the market amidst lingering Omicron spread fears, dulled equities and supported yellow metal investments. Moreover, a weaker dollar made the greenback denominated bullion cheaper for other currency holders. However, the yellow metal retreated after the release of hawkish Federal Reserve minutes.

Gold futures for February up by 0.6% or $10.50 to $1,825.10 an ounce on the Comex division of the New York Mercantile. While, spot gold jumped by 0.2% to $1,810.56 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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