Gold

Gold futures surged higher today, with the most active June contract reaching an intraday peak of $2,414.80 and settling at $2,407.80 in New York trading. As of 5:11 PM EDT, gold futures are trading on Globex at $2,399.50.

As of 7:00 PM EDT, gold futures basis the most active April 2024 contract is trading just above $2400 at $2401.40. This is a net gain of $2.30 on top of the $39 gain from Monday’s trading in New York. Substantial Today’s gains have set a new record high settlement for gold futures. Spot gold also gained $39 taking the price of a troy ounce to 2383.05.

As of 4:46 PM EDT, the most active June contract of gold futures is fixed at $2360.70 down $30.40, or -1.27%%. Gold futures also traded to its highest value of $2448.80 today, the highest value in history. 

The interview with David Lin was recorded yesterday, April 10th.

Today, the U.S. Bureau of Labor Statistics released its most current report on inflationary pressures via the March CPI (Consumer Price Index) report. Concurrently, the Federal Reserve released the minutes from last month's FOMC meeting. Combined, these two reports had a noticeable impact on market sentiment regarding the Federal Reserve's monetary policy moving forward.