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Gold futures finish sharply higher for third straight session on safe haven appeal

23 Jan 2026 Evaluate
Gold futures finished sharply higher on Thursday, as the lingering geopolitical tensions between the US and Europe, regarding threats of new tariffs on EU nations kindled safe haven appeal of the bullion. Additionally, softer dollar and a decline in bond yield notes along with expectations for additional rate cuts supported the yellow metal investments.

Gold futures for February delivery rose by $75.90 or 1.56% to $4,913.40 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $16.64 or 0.34% to $4,952.66 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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