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Gold futures settle higher on weak US dollar overseas

30 Nov 2024 Evaluate

Gold futures settled higher on Friday, boosted by a dip in dollar and weakness in bond yield notes. Moreover, strong demand for safe-haven assets on persistent geopolitical tensions driven by Russia-Ukraine conflict and uncertainty in the Middle East also buoyed the yellow metal investments. 

Gold futures for February up by $16.20 or 0.61% to settle at $2,681 ounce on the Comex division of the New York Mercantile. Spot gold added by $5.23 or 0.20% to $2,643.15 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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