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Gold futures finish lower on Monday

21 Nov 2023 Evaluate
Gold futures finished lower on Monday, as the investment appeal of the bullion got pressured by a slight tick in 10 year Treasury bond yield notes. Meanwhile, recent reports on weak US job market and slower-than-expected consumer inflation raised bets on possible of Fed tightening campaign capping some losses in the safe haven bullion.
 
Gold futures for December delivery down by $4.4 or 0.22% to $1985.30 ounce on the Comex division of the New York Mercantile. While, spot gold added by $14.48 points or 0.73% to $1,992.55 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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