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Gold futures finish sharply higher on Tuesday

04 Jan 2023 Evaluate
Gold futures finished sharply higher on Tuesday, as the recession fears kindled safe haven appeal of the bullion. Besides, negative trend in Treasury bond yields also lifted investment appeal of the yellow metal. Gold for the most active contract marked its highest settlement since mid-June.

Gold futures for February rose by $19.90 or 0.22% to settle at $1846.10 ounce on the Comex division of the New York Mercantile.  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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