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Gold futures finish near two week high on Thursday

25 Mar 2022 Evaluate
Gold futures finished near two week high on Thursday, as the concerns over economic ramifications rampant with the Russia- Ukraine war enters second month. Moreover, surging inflationary pressure buoyed the yellow metal investments. Meanwhile, holdings of SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, rose to its highest level since February 2021 also added the upside.

Gold futures for April climbed by 1.3% to settle at $1,962.20 on the Comex division of the New York Mercantile. Spot gold was up 1% at $1,963.21 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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