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Gold futures finish lower for third straight session

11 Jan 2024 Evaluate
Gold futures finished lower for third straight session on Wednesday, pressured by the risk appetite in the market ahead of US inflation data that could gauge on Federal Reserve's interest rate cut outlook this year. Stronger dollar also saddled investment appeal of the bullion.

Gold futures for February delivery dipped by $5.20 or 0.25% to settle at $2027.80 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $6.85 points or 0.34% to $2,031.26 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.

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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.

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