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Gold futures consolidate forming a base at recent highs above $2030 The solid breakout that moved gold futures above $2000 to a high of $2043 yesterday, and $2049.20 today indicates a new level of support well above $2000 per ounce. Currently, the most active June 2023 futures contract is fixed at $2037.10 a net decline of $1.1 or 0.05%. The fact that gold did not immediately sell off as it has in the past after hitting the highest price since…

Breakout in gold takes futures to a high of $2043.40 in striking range of record high A solid breakout in gold moved futures pricing well above $2000 in trading today. Currently, the most active June 2023 contract is trading up $39.10 or 1.94% and fixed at $2039.40. That puts gold within striking range of the all-time high of $2088 as well as the record closing price for gold futures at $2069.40. Dollar weakness contributed roughly 25% of the gains in…

Gold price sees triple-digit gains in March, but can it set record highs in April? Gold gained $150 in March — its best month since July 2020. And with analysts seeing markets contradicting the Fed's messaging, gold has a lot more upside, including testing and breaking record highs in April, according to analysts. The gold market is wrapping up March just below $2,000 an ounce. This is up 7% on the month and 9% year-to-date — the best monthly performance…

Gold’s most active contract switches to June which are flirting with $2000 Gold traded higher by low double digits today. The gains are the result of two factors and tomorrow’s PCE inflation report. Currently, the April 2023 contract of gold futures is trading up $14.20 and fixed at $1981.10. Concurrently, the June 2023 contract of gold futures is fixed at $1998 up $13.50. Today the June contract hit an intraday high of $2002.40. The volume is diminishing in the April…

Gold remains solidly bullish even with today’s modest price decline Although gold prices had a modest decline in trading today, the overall fundamental environment that had caused gold pricing to trade above $2000 last week remains solidly entrenched. Today’s modest single-digit decline in gold resulted from market participants once again focusing on risk-on assets with U.S. equities rising. Specifically, a major rise of 1.97% in the NASDAQ composite indicates solid interest in the tech-heavy index. The Dow Jones industrial average…

Gold, silver gain on bargain hunting, bullish outside mkts Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! (Kitco News) – Gold and silver prices are up in midday U.S. trading Tuesday on some perceived bargain hunting, and amid a lower U.S. dollar index and higher crude oil prices on this day. April gold was last up…

Gold prices soften as concern subsides over banking meltdown For the second consecutive day gold futures have traded lower. Today gold traded to an intraday low of $1945 and a high of $1984 after opening at $1982.60. As of 4:15 PM EST gold futures basis the most active April contract is currently fixed at $1958.50 after factoring in today’s decline of $25.30 or -1.28%. Today’s decline of approximately 1.3% was the direct result of traders bidding the precious yellow metal…