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Gold futures finish near 6 month high on Friday

31 Dec 2022 Evaluate
Gold futures finished near 6-month high on Friday, supported by the safe haven appeal of the bullion amid persisting uncertainties over global economic health. However, the yellow metal struggled to gain momentum as dollar got stronger. Gold for the most active contract marked 0.4% yearly gain. 

Gold futures for February rose slightly by 20 cents to settle at $1826.20 ounce on the Comex division of the New York Mercantile. While, spot gold up by 0.50% or $9.11 to $1,824.02 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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