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Gold futures end near one week low rate on Tuesday

23 Mar 2022 Evaluate
Gold futures near one week low rate on Tuesday, as the investment appeal of the yellow metal got dulled amid hawkish tone of US Federal Reserve on interest rate hike. Moreover, rise in US Treasury Bond yield to 10 year high also saddled bullion investments.

Gold futures for April rose by 0.4% or $8 to settle at $1921.50 on the Comex division of the New York Mercantile. While, spot gold climbed by 0.2% to $1,996.30 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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