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Gold futures settle higher on Friday

17 Dec 2022 Evaluate
Gold futures settled higher on Friday, due to risk aversion in the market amid ambiguity over global recession with the hawkish Federal Reserve. However, the yellow metal for the most active contract logged loss for the week 0.6%, with the strength in dollar and bond yield notes.

Gold futures for December jumped by $12.40 or 0.07% to settle at $1800.20 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $16.23 or 0.91% or $1,793.08 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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