MoneyWorks4Me

Gold futures settle near six-week low on Tuesday

22 Mar 2023 Evaluate
Gold futures settled near six-week low on Tuesday, due to technical selling after previous session 111 months high rate. Meanwhile, participants awaited for Federal Open Market Committee meeting minutes for monetary policy decision. Expectations that the Federal Reserve will tighten policy less aggressively limited some losses in the session.

Gold futures for April down by $41.70 or 2.10% to finish at $1941.10 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $0.98 or 0.05% to $1,939.09 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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