MoneyWorks4Me

Gold futures finish tad lower ahead of US jobs data

09 Mar 2023 Evaluate
Gold futures finished slightly lower on Wednesday ahead of US jobs data. The yellow metal extended previous sessional weakness followed by hawkish comments from Federal Chairman Jerome Powell at his testimony to the Senate Banking Committee. However, some loss remained trimmed as dollar softened against its peers.

Gold futures for April dipped by $1.40 or 0.1% to $1818.60 ounce on the Comex division of the New York Mercantile. Spot gold slipped by 0.04% or $0.69 to $1,813.11 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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