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Gold futures finish lower as dollar firms

22 Nov 2022 Evaluate
Gold futures finished lower on Monday, as the head wind dollar firmed. The green back strengthened with the perceived safe haven appeal after China’s daily Covid infections surged to a near record high.

Gold futures for December narrowed by $14.80 or 0.8% to $1739.60 ounce on the Comex division of the New York Mercantile. Even though, spot gold jumped by $4.84 or 0.28% or $1,742.89 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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