Gold futures settled higher on Tuesday and crossed the key $2,000 level as the weaker economic data has raised bets that the Federal Reserve may slow down its pace of rate hikes. Moreover, weaker dollar rates and falling Treasury yields also buoyed the investment appeal of the bullion. Data showed U.S. job openings in February fell to 9.9 million, the lowest in nearly two years, while factory orders fell for a second straight month.
Gold futures for June up $37.8 or 1.9% to finish at $ 2038.20 ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.13% to $2022.99 per ounce.
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: