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Gold futures finish higher on softer dollar

20 Jan 2023 Evaluate
Gold futures finished higher on Thursday, supported by weakness in dollar and Treasury bond yields. However, technical correction after back to back losses amid dip in US inflation rates pressured the yellow metal to retreat from nine month high rate.

Gold futures for February up by $16.90 or 0.90% to settle at $1923.90 ounce on the Comex division of the New York Mercantile. However, spot gold down by 0.36% or $7.05 to $1,925.19 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.

What Makes MoneyWorks4Me Different

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

MoneyWorks4Me ensures this through: