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Gold futures settle higher on Monday

19 Dec 2023 Evaluate

Gold futures settled higher on Monday, due to expectation of a rate cut by 75 basis points next year. While, weaker dollar rates and falling Treasury yields also boosted yellow metal investments. Traders are cautiously awaiting the Key U.S. inflation data due later this week for signals on the Federal Reserve’s interest rate direction.

Gold futures for February delivery rose by $4.8 or 0.2% to $2040.5 per ounce on the Comex division of the New York Mercantile. However, spot gold dipped by $2.92 or 0.14% to $2024.27 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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