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Gold futures settle higher for fifth consecutive session on Wednesday

07 Mar 2024 Evaluate

Gold futures settled higher on Wednesday, as the weakness in dollar and on boost in investment appeal after Federal Reserve Chair Jerome Powell signalled that interest rate cut may take time to materialize. The yellow metal for the most active contract marked its fifth consecutive gain in the session.

Gold futures for April delivery rose by $16.30 or 0.76% to settle at $2158.20 per ounce on the Comex division of the New York Mercantile. Spot gold added by $2.06 points or 0.10% to $2,150.24 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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