or

Gold Feb '24 (GCG24)

2,034.0s +5.5 (+0.27%) 02/27/24 [COMEX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Tue, Feb 27th, 2024
Day Low
2,034.0
Day High
2,035.9
Open 2,035.9
Previous Close 2,028.5 2,028.5
Volume 905 905
Open Interest 242 242
Stochastic %K 88.64% 88.64%
Weighted Alpha +3.83 +3.83
5-Day Change +6.5 (+0.32%) +6.5 (+0.32%)
52-Week Range 1,842.5 - 2,152.3 1,842.5 - 2,152.3
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Gold Futures Market News and Commentary

Tariff Worries Weigh on the Dollar

The dollar index (DXY00) Monday fell by -0.49% and is just above last Friday’s 3-year low.  The dollar posted moderate losses Monday as a stock rebound curbed liquidity demand for the dollar.  The dollar is also facing a confidence crisis as the US trade war diminishes the dollar’s reserve-currency status and has prompted some foreign investors to liquidate their dollar assets.  The dollar extended its losses Monday after Fed Governor Waller said that if the inflation impact from tariffs is temporary, then Fed rate cuts would be on the table later this year.  The dollar did find some support Monday on a slight easing of tariff tensions after President Trump temporarily excluded most consumer electronics from reciprocal tariffs. 

On Monday, Fed Governor Waller said he expects the impact of tariffs on inflation to be temporary and in that case, interest rate cuts would “very much” be on the table for the latter half of 2025.

The markets are discounting the chances at 19% f... Read more

Contract Specifications

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Contract
Gold 100-oz
Contract Size
100 fine troy ounces
Tick Size
0.10 (10 cents) per troy ounce ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 7:20a.m. - 12:30p.m.) (Settles 12:30p.m.) CST
Exchange
COMEX
Point Value
$100
Margin/Maintenance
$16,500/15,000
First Notice Date
01/31/24
Expiration Date
02/27/24 (expired)

Seasonal Chart

Gold Feb '24
Average Price Chart for 5 Prior Feb Contracts

Commitment of Traders Positions as of Apr 8, 2025

View Chart Details
Commercials - Long / Short
69,214 (+339)
301,397 (-32,539)
Non-Commercials - Long / Short
269,833 (-58,103)
69,118 (-20,384)
Producers - Long / Short
14,087 (+2,549)
66,734 (-7,119)
Swap Dealers - Long / Short
27,128 (+2,872)
206,664 (-20,338)
Managed Money - Long / Short
175,393 (-29,440)
44,407 (-18,427)
Other Reportables - Long / Short
94,440 (-28,663)
24,711 (-1,957)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1,984.8 +2.48%
on 02/14/24
Period Open: 2,017.3
2,064.5 -1.48%
on 02/01/24
+16.7 (+0.83%)
since 01/26/24
3-Month
1,984.8 +2.48%
on 02/14/24
Period Open: 2,033.0
2,152.3 -5.50%
on 12/04/23
+1.0 (+0.05%)
since 11/27/23
52-Week
1,842.5 +10.39%
on 10/06/23
Period Open: 1,911.8
2,152.3 -5.50%
on 12/04/23
+122.2 (+6.39%)
since 02/27/23

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Most Recent Stories

More News
Tariff Worries Weigh on the Dollar

The dollar index (DXY00 ) Monday fell by -0.49% and is just above last Friday’s 3-year low. The dollar posted moderate losses Monday as a stock rebound curbed liquidity demand for the dollar. The dollar...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,228.8 (+0.08%)
SIK25 : 32.240 (+0.23%)
^USDJPY : 143.118 (+0.06%)
^EURUSD : 1.13431 (-0.06%)
Barrick Gold (GOLD) Has Attracted Both Unusual and Mispriced Option Behaviors

With fear brewing in the atmosphere, an investment in GOLD stock makes sense—and on a tangible discount as well.

GOLD : 20.41 (-0.87%)
Gold, Silver, Stocks, Copper: New Situation & New Opportunities

So, Trump backed off a little, while China discretely flexed its muscles by halting exports of its rare earth minerals.

Goldman $3700 Year-end Target - What about Silver?

Phil Streible breaks down Goldman Sachs’ bold call on gold and what it could mean for silver’s path forward. Catch the key levels and catalysts in today’s Metals Minute!

Dollar Weakens as Stocks Rebound

The dollar index (DXY00 ) today is down by -0.20% and is just above last Friday's 3-year low. The dollar is posting moderate losses today as a stock rebound has curbed liquidity demand for the dollar....

DXY00 : 99.640s (-0.46%)
GCM25 : 3,228.8 (+0.08%)
SIK25 : 32.240 (+0.23%)
^USDJPY : 143.118 (+0.06%)
^EURUSD : 1.13431 (-0.06%)
Heating Oil butterfly spread and a Gold calendar spread

Heating Oil has been sliding down the trendline for nearly 3 years now.  The candle this past week could be pointing to a bottom.  Given the immense selling in Energy these past few weeks, HO looks primed...

Tariff Angst Sinks the Dollar and Boosts Gold to a Record High

The dollar index (DXY00 ) Friday fell by -0.80% and posted a 3-year low. The dollar retreated Friday because of concerns that the escalation of the US-China trade war would derail the economy and lead...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,228.8 (+0.08%)
SIK25 : 32.240 (+0.23%)
^USDJPY : 143.118 (+0.06%)
^EURUSD : 1.13431 (-0.06%)
Dollar Sinks to a 3-Year Low as US-China Trade Way Escalates

The dollar index (DXY00 ) today is down by -1.20% and tumbled to a 3-year low. The dollar is sharply lower today because of concerns that the escalation of the US-China trade war would derail the economy...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,228.8 (+0.08%)
SIK25 : 32.240 (+0.23%)
^USDJPY : 143.118 (+0.06%)
^EURUSD : 1.13431 (-0.06%)
Record High's Overnight! Copper Surges 3%, Is Silver Next?

Phil Streible dives into the breakout move in copper and what it could mean for silver. Are precious metals lining up for their next leg higher?

Dollar Retreats and Gold Surges as US-China Tensions Mount

The dollar index (DXY00 ) Thursday fell by -1.84% and posted a 6-1/4 month low. The dollar fell sharply on Thursday because of concerns that the escalation of the US-China trade war would derail the economy...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,228.8 (+0.08%)
SIK25 : 32.240 (+0.23%)
^USDJPY : 143.118 (+0.06%)
^EURUSD : 1.13431 (-0.06%)
Base Metals in Q1 2025- Where are they Heading in Q2?

Base metals prices moved mostly higher in Q1, with COMEX copper leading the way on the upside. The COMEX futures outperformed the LME forwards because of the uncertainty of U.S. tariffs on the metals markets....

P6Y00 : 1,914.00s (+1.16%)
P8Y00 : 15,069.00s (+1.83%)
P4Y00 : 2,396.50s (+1.12%)
Q2Y00 : 31,219.00s (+1.83%)
DBB : 18.06 (-0.30%)
HGK25 : 4.6540 (+0.62%)
P0Y00 : 9,154.50s (+1.85%)
Q3Y00 : 2,635.70s (+0.30%)
Ratio 101:1 - Is it Silver's Time to Shine? Bear Markets -Metals Minute

Phil Streible breaks down the soaring gold/silver ratio and what it could signal for silver’s next move. Is a catch-up rally on deck as metals weigh bear market pressure?

Dollar Falls as US Tariff Policy Undercuts Confidence in the Dollar

The dollar index (DXY00 ) today is down by -1.40%. The dollar is sliding today on concern the escalation of the US-China trade war will derail the economy and lead to stagflation. The US raised tariffs...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,229.1 (+0.09%)
SIK25 : 32.245 (+0.24%)
^USDJPY : 143.127 (+0.06%)
^EURUSD : 1.13428 (-0.07%)
Dollar Recovers Most Losses as President Trump Pauses Reciprocal Tariffs

The dollar index (DXY00 ) Wednesday fell by -0.09%. The dollar was under pressure Wednesday as the US-China trade rift widened after China today imposed 84% tariffs on US goods in retaliation for the...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,229.1 (+0.09%)
SIK25 : 32.245 (+0.24%)
^USDJPY : 143.127 (+0.06%)
^EURUSD : 1.13428 (-0.07%)
Precious Metals Rise 2% Overnight! Can The Gains Hold?

Phil Streible recaps a strong overnight move in gold and silver. With metals up 2%, he breaks down the key levels to watch and what could keep the rally alive.

Looking for a Safe Haven Amid the Market Chaos? July Silver Futures May Have Just Bottomed.

More safe-haven demand will flock to precious metals as even U.S. Treasurys sell off.

SIK25 : 32.245 (+0.24%)
Dollar Sinks and Gold Soars as US-China Trade War Escalates

The dollar index (DXY00 ) today is down by -0.67%. The dollar is sliding today as the US-China trade rift widened after China today imposed 84% tariffs on US goods in retaliation for the US imposing a...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,229.1 (+0.09%)
SIK25 : 32.245 (+0.24%)
^USDJPY : 143.127 (+0.06%)
^EURUSD : 1.13428 (-0.07%)
Three Factors Behind Gold's Recent Rally

Gold prices have nearly doubled since late 2022, driven by Fed rate cut expectations, rising inflation concerns and increased central bank buying. What could gold’s rally mean for investors?

Dollar Weakens as US Threatens Retaliatory Tariffs on China

The dollar index (DXY00 ) Tuesday fell by -0.40%. The dollar was under pressure Tuesday because of concerns that a global trade war could derail the economy and force the Fed to cut interest rates. President...

DXY00 : 99.640s (-0.46%)
GCM25 : 3,229.1 (+0.09%)
SIK25 : 32.245 (+0.24%)
^USDJPY : 143.127 (+0.06%)
^EURUSD : 1.13428 (-0.07%)
Precious Metals in Q1 2025- Where are they Heading in Q2?

The precious metals sector led the commodities asset class higher in Q1 2025, with over 18% gains in gold and silver. Platinum and palladium prices moved to the upside, and rhodium posted an over 20% gain...

GLTR : 129.59 (-0.15%)
SIK25 : 32.245 (+0.24%)
GCM25 : 3,229.1 (+0.09%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 2,037.2
2nd Resistance Point 2,036.5
1st Resistance Point 2,035.3
Last Price 2,034.0s
1st Support Level 2,033.4
2nd Support Level 2,032.7
3rd Support Level 2,031.5

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52-Week High 2,152.3
Fibonacci 61.8% 2,034.0
Last Price 2,034.0s
Fibonacci 50% 1,997.4
Fibonacci 38.2% 1,960.8
52-Week Low 1,842.5

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