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Gold futures finish lower ahead to Fed decision

18 Dec 2024 Evaluate
Gold futures finished lower on Tuesday, saddled by the strength in dollar and on caution ahead to Federal Reserve’s upcoming monetary policy decision. Stronger-than-expected US retail sales data showed a 0.7% increase in November, fuelled speculation that the Fed might slow down its policy easing, dulling investment appeal of the bullion.

Gold futures for February delivery down by $8 or 0.30% to $2,662.00 per ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $1.89 or 0.07% to $2,644.94 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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