Gold

After hitting a new all-time record high of $2325.30 gold futures basis the most active June contract has experienced a slight price decline today. As of 5:05 PM EDT the June contract is currently fixed at $2308.50, down $6.50, or -0.28%.

In a historic move, gold futures surged past the $2300 mark for the first time in history. As of 4:30 PM EDT, gold futures basis the most active June contract is currently at a record high of $2318.90. The June contract opened at $2301.70 and traded to an intraday high of $2319.70.

As of 4:55 PM EDT the most active June contract of gold futures is fixed at $2300.60, up $28.10. This marks the sixth consecutive day of gains for the precious yellow metal, with the last four trading sessions culminating in new record closes.

In a remarkable turn of events, gold futures surged to unprecedented levels on April 1, 2024, driven by a potent mix of economic and geopolitical factors. As of 5:30 PM EDT, the most active April contract skyrocketed by $17.70, or 0.78%, settling at a staggering $2,272.50 per ounce.

Gold futures skyrocketed today, with the most active June contract gaining a staggering $39.40 or 1.78% to settle at $2,254.80. This historic rise comes as investors seek a safe haven amidst growing economic concerns and the prospect of interest rate cuts.