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Gold futures settle lower on Tuesday

11 Jan 2023 Evaluate

Gold futures settled lower on Tuesday as the U.S dollar and bond yields surged ahead of US December inflation data that due this week for further clues on the US Federal Reserve's interest rate-hike. Meanwhile, demand expectation raised from China ahead of the Lunar New Year.

Gold futures for February declined by $1.3 or 0.1% to $1876.5 ounce on the Comex division of the New York Mercantile. Spot gold was flat at $1,872.79 an 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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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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