MoneyWorks4Me

Gold futures finish higher on safe haven appeal

10 May 2023 Evaluate

Gold futures finished higher on Tuesday, kindled by the safe haven appeal of the bullion with the persisting global economic risks and as to be released US CPI data in focus. Even though, strong dollar capped some gains.

Gold futures for June up by 9.70 or 0.47% to settle at $2042.90 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $3.30 or 0.16% to $2,031.26 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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