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Gold futures settle higher for the fourth straight session

10 Feb 2022 Evaluate
Extending winning streak to fourth consecutive session, Gold futures settled near three month high level on Wednesday, kindled by the weakness in dollar and a sliding US Treasury bond yields. Moreover, the mettle of the bullion got appreciated with the lingering geo-political tensions and continuing surge in Covid-19 infections. Meanwhile, traders around the world keenly awaited for the US Consumer Data trajectory to gauge on US Federal Reserve’s interest rate hike.

Gold futures for April climbed by 0.5% to settle at $1,836.60 ounce on the Comex division of the New York Mercantile. While, spot gold  rose by 0.5% to $1,834.25 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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