Gold futures experienced a modest decline on Monday, with the August contract settling just below the significant $2400 per ounce mark. As of 5:15 PM ET, August futures were fixed at $2394.70, down $4.40 from the previous close.

Gold futures experienced a dramatic rally which concluded on Wednesday, July 17. The most active August contract reached an unprecedented new record intraday high of $2488.40, just $12 shy of the symbolic $2500 mark.

Gold futures experienced a slight decline on Thursday but maintained a strong position above a critical support level. As of 5:20 PM ET, the most active August 2024 contract was trading at $2,456.40, down $3.50 from the previous close.