Skip to main content

MoneyWorks4Me

Gold futures settle higher for second straight session on Monday

08 Nov 2022 Evaluate
Gold futures settled higher on Monday, extending gains to the second straight session as dollar dipped against its peers after unemployment rate for October jumped by 3.7%. Moreover, safe haven appeal of the bullion also buoyed the yellow metal investments. Meanwhile, market keenly awaited for Thursday’s US consumer price index numbers.

Gold futures for December added $3.9 or 0.2% to settle at $1680.50 ounce on the Comex division of the New York Mercantile. However, spot gold down by $3.3 or 0.2% to $1,672.33 per ounce.