Wednesday, May 31, 2023 - 18:57
Conflicting market forces have had a strong impact on gold pricing, inflation, and higher rates. This is because higher inflation creates bullish market sentiment in gold, while higher interest rates create bearish market sentiment. As of 5:11 PM EDT, gold futures basis most active August 2023 contract is fixed at $1981 up $3.90 or 0.20% on the day.