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Gold futures settle higher on Friday

07 Dec 2024 Evaluate

Gold futures settled higher on Friday, supported by weakness in treasury yields and increased safe haven appeal amidst global geopolitical unrest, including political turmoil in South Korea and France, tensions in the Middle East, and between Russia and Ukraine. Moreover, the yellow metal got buoyed on chances of interest rate cuts by Federal Reserve by another 25 basis points later this month after the unemployment rate inched higher to 4.2%. However, some gains were capped on stronger US dollar.

Gold futures for February delivery gained by $11.2 or 0.42% to $2,659.60 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 1.70 points or 0.06% to $ 2633.37 an 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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