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Gold futures finish lower on stronger dollar

04 Jan 2025 Evaluate

Gold futures finished lower on Friday from a three-week high, whetted by the strength in dollar in wake of potential economic and trade changes under U.S. President-elect Donald Trump. Although, safe-haven demand amid escalating geopolitical tensions in the Middle East and growing global economic uncertainties capped some losses in the session. Meanwhile, investors awaited next week's U.S. job openings data, the ADP employment report, the Fed's December FOMC meeting minutes and the U.S. employment report to gauge the U.S. Federal Reserve's policy outlook for 2025.

Gold futures for February delivery down by $14.3 or 0.54% to settle at $2,654.70 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $17.68 or 0.67% to settle at $2,640.22 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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