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Gold futures trade lower in early deals of Monday

06 Nov 2023 Evaluate
Gold futures traded lower in early deals of Monday, as the investment appeal of the bullion dulled with the strength in US Treasury bond yield notes. However, weaker than expected US jobs data capped some losses in the session.

Gold futures for December delivery dipped by $7.10 or 0.36% to $1992.10 ounce on the Comex division of the New York Mercantile. While, spot gold down by $8.68 points or 0.44% to $ 1,983.97 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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