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Gold futures trade lower in early deals of Monday

28 Nov 2022 Evaluate
Gold futures traded lower in early deals of Monday, as the headwind dollar held high making the green back denominated bullion expensive for third currency holders. The yellow metal had settled flat for the week, followed by bets on dovish Federal Reserve stance on interest rate hike.

Gold futures for February slipped by $4.7 or 0.27% to $1764.10 ounce on the Comex division of the New York Mercantile. Spot gold down by $5.18 or 0.30% to $1,749.75 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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