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Gold futures finish higher on safe haven appeal

02 Dec 2023 Evaluate

Gold futures finished higher on Friday, kindled by the safe haven appeal amid woes over global economic slowdown and persisting Middle East conflicts. Moreover, easing dollar rates and sliding US Treasury Bond yield coupled with the bets of dovish Federal Reserve stance also supported the yellow metal investments. The precious metal for the most active contract marked third straight weekly gain, by jumping about 2.3%, followed by its second straight monthly gain of 2.7%.

Gold futures for February delivery rose by $32.5 or 1.50% to $2089.7ounce on the Comex division of the New York Mercantile. Spot gold added by $35.81 points or 1.76% to $2,072.22 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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