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Gold futures finish near three-week high rate

28 Dec 2023 Evaluate
Gold futures finished sharply higher on Wednesday, as the dollar and US Treasury Bond yield notes amid expectations that the US Federal Reserve will start cutting interest rates next year. Persisting geopolitical tensions and lingering global economic health woes also lifted safe haven appeal of the bullion. The yellow metal for the most active contract finished near three-week high rate.

Gold futures for February delivery rose by $23.3 or 1.1% to $2093.10 per ounce on the Comex division of the New York Mercantile. While, spot gold jumped by $8.96 points or 0.43% to $2,086.45 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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