SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gold futures settle sharply lower ahead to Fed meeting

12 Dec 2023 Evaluate
Gold futures settled sharply lower on Monday, as the investment appeal of the bullion dampened ahead of monetary policy decisions from major central banks this week. Woes that central banks might challenge investor expectations for interest rate reductions early this year saddled investments. (FOMC) meeting is scheduled for December 12-13, 2023, and ECB's final decision of the year due on December 14. Stronger dollar and rising bond yields also kindled bearish trend in the bullion.

Gold futures for February delivery dipped by $20.80 or 1.03% to settle at $1993.70 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 3.46 points or 0.17% to $ 1,985.41 per ounce.

About MoneyWorks4Me

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.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: