MoneyWorks4Me

Gold futures finish lower for third straight session on Wednesday

25 May 2023 Evaluate
Gold futures finished lower for third straight session on Wednesday as the perceived safe haven dollar gained strength amid uncertainties surrounding US debt ceiling deal. Moreover, US Treasury bond yields soared higher dulling investment appeal of the bullion. Even though, some losses remained capped after Fed’s May meeting minutes indicated more Fed officials buoyed dovish stance by central bank.

Gold futures for June down by $9.90 or 0.5% to settle at $1964.60ounce on the Comex division of the New York Mercantile. While, spot gold added by $0.34 or 0.02% to $1,957.50 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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