Gold | The Gold Forecast

Gold

MOST RECENT REPORT:

Gary S. Wagner - Executive Producer

Previous Reports:

Daily Report: June 3, 2020 - 6:07pm

Gold futures basis the most active August contract has sold off sharply in trading today. As of 4:11 PM EST gold is trading $33.90 lower on the day, and fixed at $1700.10. This after trading to an intra-day low today of $1690.30. Today’s decline is currently just shy of a 2% drawdown. Today’s sharp decline is definitely a byproduct of an extremely strong U.S. equities market, and the release of this... View report

Daily Report: June 2, 2020 - 6:25pm

Gold hit resistance and traded lower on the day. Gold futures basis the most active August contract opened at $1750.30, and then traded to an intraday high of $1757. This became the point when sellers entered the market and took prices dramatically lower. After trading to a low intraday of $1728, gold prices recovered. As of 5:00 PM EST gold futures are currently down $16.20 (- 0.93%) and fixed at $1734.10... View report

Daily Report: June 1, 2020 - 6:41pm

Spot gold led the way in terms of price advance when compared to the August 2020 Comex contract, which is the most active futures contract. Spot or Forex pricing is currently fixed at $1738.59 which is an increase of over $9 on the day. Gold futures basis most active August contract is currently fixed at $1750.80, which is a net decline of a $0.90 on the day. UPDATE: as of 6:40 PM EST golf futures are... View report