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Gold futures settle higher on Friday

23 Dec 2023 Evaluate

Gold futures settled higher on Friday and touches a two-week high after cooler inflation data. Data showed that annual U.S inflation slowed further below 3% in November. This also raised prospects of interest rate cuts by Federal Reserve early next year. Moreover, weaker dollar rates and falling Treasury yields also buoyed the investment appeal of the bullion.

Gold futures for February delivery up by $17.8 or 0.9% to $ 2069.10 ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.35% to $2053.08 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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