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Gold futures settle lower ahead to Fed interest rate decision

13 Dec 2023 Evaluate
Gold futures settled lower on Tuesday, as stronger than expected US Jobs report and upside risks to inflation spurred fears that Federal Reserve might not trim interest rates early next year as market anticipated, dulling investment appeal of the bullion. Moreover, stronger dollar also pressured yellow metal to finish near its three-week low hit. 

Gold futures for February delivery lower by $0.50 or 0.02% to $1993.20 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $1.03 points or 0.05% to $ 1,978.51 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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