SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gold futures trade lower in early deals of Monday

03 Jun 2024 Evaluate
Gold futures traded lower in early deals of Monday, extending Friday losses as the US inflation jumped by 2.8% on a year-on-year basis in April, dulling Fed interest rate cut prospects.  Lingering elevated benchmark interest rates kept pressuring investment appeal of the non-yielding bullion. The yellow metal for the most active contract had registered second consecutive weekly loss of 0.47%. However, softer dollar and dipping bond yield notes capped some losses in the session.

Gold futures for August delivery down by $4.50 or 0.19% to $2341.30 per ounce on the Comex division of the New York Mercantile. While, spot gold declined by $5.39 or 0.23% to $2,321.94 an 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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×