Gold futures traded higher in early deals of Monday, kindled by the intensified hopes over US interest rate cut later this month followed by a series of dovish remarks from Federal Reserve officials, along with weak economic data and the longest US government shutdown. Elevated central-bank purchases and increased ETF inflows also buoyed the yellow metal rates. The precious metal for the most active contract had marked 2.9% of weekly gain and about 5.7% monthly rise.
Gold futures for December delivery rose by $18.50 or 0.43% to $4,273.40 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $2 or 0.05% to $ 4,241.43 an ounce.
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: