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Gold futures finish higher on Friday

24 Dec 2022 Evaluate
Gold futures finished higher on Friday, due to safe haven appeal of the bullion with the rising covid cases, woes over aggressive interest rate hikes by Central banks and on global recession fears. Besides, softer dollar also supported yellow metal buying.

Gold futures for February rose by $8.90 or 0.5% to settle at $1804.20 ounce on the Comex division of the New York Mercantile. Spot gold lifted by $5.68 or 0.38% $1,798.20 per ounce.

 

About MoneyWorks4Me

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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To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

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Our Approach: Ensuring compounding work its magic on client portfolio.

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