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Gold futures finish sharply lower on Thursday

13 Dec 2024 Evaluate

Gold futures finished sharply lower on Thursday, retreating from five week high earlier in the session, after initial jobless claims unexpectedly surged to a nearly two-month high pointing risks of weakening labor market. Moreover, firmness in dollar and rising bond yield notes dulled the yellow metal rates.

Gold futures for February delivery plunged by $47.30 or 1.7% to settle at $2,709.40 per ounce on the Comex division of the New York Mercantile. Spot gold up by $7.29 or 0.27% to $2,688.02 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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