Gold

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.

As of 5:30 PM EDT, gold futures hit a new record high of $2,384.50 per ounce, with the most active June contract closing up $11.40 at $2,362.40. This marks the eighth consecutive day of significant gains for the precious metal, driven by a trifecta of fundamental forces.

Gold futures basis the most active June 2024 Comex contract as of 6PM ET is trading up $5.60, or 0.24%, and is fixed at $2351. That being said, volatility in gold has returned as seen through today’s expanded trading range. Gold opened at $2342.60, traded to a low of $2321.70, and a high of $2372.50 creating over a $50 range between today’s high and lowest values.