MoneyWorks4Me

Gold futures finish lower for fifth straight session on Friday

25 Feb 2023 Evaluate
Gold futures finished lower for fifth straight session on Friday and posted fourth consecutive weekly loss after the chances of Federal Reserve being more hawkish intensified after hotter than expected personal-consumption expenditures price index (PCE). Moreover, stronger dollar and US Treasury Bond yield notes dulled investment appeal of the bullion. 

Gold futures for April dipped by $9.70 or 0.5% to settle at $1817.10 ounce on the Comex division of the New York Mercantile. Spot gold lower by 0.62% or $11.24 to $1,811.04 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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