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Gold futures finish sharply higher on rate cut optimism

12 Dec 2024 Evaluate
Gold futures finished sharply higher on Wednesday, as the rise in headline inflation figures geared up chances for 25 bps Federal Reserve rate cut next week. Additionally, yellow metal also got boosted with softer dollar and on easing measures by major central banks, including the BoC, ECB and SNB.

Gold futures for February delivery surged by $38.30 or 1.4% to settle at $2,756.70 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $7.36 or 0.27% to $2,710.87 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.

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

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