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Gold futures settle lower amidst fewer Fed rate cut bets

07 Jan 2025 Evaluate
Gold futures settled lower on Monday, amid cautious approach by Federal Reserve to rate cuts this year, citing the resilient labour market and persistent inflation dulled investment appeal of the bullion. Advancing dollar and on rising bond yield notes also pressured yellow metal rates.

Gold futures for February delivery down by $7.30 or 0.27% to settle at $2,647.40 ounce on the Comex division of the New York Mercantile. While, spot gold up by $2.99 or 0.11% to $2,639.46 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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