or

Gold Aug '24 (GCQ24)

2,501.0s -15.0 (-0.60%) 08/28/24 [COMEX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Wed, Aug 28th, 2024
Day Low
2,501.0
Day High
2,501.0
Open 0.0
Previous Close 2,516.0 2,516.0
Volume 104 104
Open Interest 85 85
Stochastic %K 87.09% 87.09%
Weighted Alpha +24.25 +24.25
5-Day Change -7.4 (-0.30%) -7.4 (-0.30%)
52-Week Range 1,899.6 - 2,527.3 1,899.6 - 2,527.3
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Gold Futures Market News and Commentary

Dollar Weakens as Tariff Concerns Persist

The dollar index (DXY00) Thursday fell by -0.49%.  The dollar posted moderate losses Thursday because of concerns that the US-China trade war will drag on after China said there were no talks on reaching a trade deal with the US.  Also, Treasury Secretary Bessent said President Trump hasn't offered to take down US tariffs on China on a unilateral basis.  The dollar added to its losses Thursday based on dovish Fed comments.  Cleveland Fed President Hammack said the Fed could interest rates in June if the data is clear, and Fed Governor Waller said he'd support Fed rate cuts if tariffs led to job losses.  Thursday's US economic news was mixed for the dollar. 

US weekly initial unemployment claims rose +6,000 to 222,000, right on expectations.  Weekly continuing claims fell -37,000 to a 10-week low of 1.841 million, showing a stronger labor market than expectations of 1.869 million.

US Mar capital goods new orders nondefense ex-aircraft and parts rose +0.1% m/m, right on ex... 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
07/31/24
Expiration Date
08/28/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 15, 2025

View Chart Details
Commercials - Long / Short
70,568 (+1,354)
302,480 (+1,083)
Non-Commercials - Long / Short
271,707 (+1,874)
69,497 (+379)
Producers - Long / Short
14,214 (+127)
65,819 (-915)
Swap Dealers - Long / Short
29,121 (+1,993)
209,428 (+2,764)
Managed Money - Long / Short
168,400 (-6,993)
43,546 (-861)
Other Reportables - Long / Short
103,307 (+8,867)
25,951 (+1,240)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
2,367.3 +5.65%
on 07/29/24
Period Open: 2,381.0
2,527.3 -1.04%
on 08/20/24
+120.0 (+5.04%)
since 07/26/24
3-Month
2,304.2 +8.54%
on 06/07/24
Period Open: 2,379.3
2,527.3 -1.04%
on 08/20/24
+121.7 (+5.11%)
since 05/28/24
52-Week
1,899.6 +31.66%
on 10/05/23
Period Open: 2,024.0
2,527.3 -1.04%
on 08/20/24
+477.0 (+23.57%)
since 08/28/23

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Most Recent Stories

More News
Dollar Weakens as Tariff Concerns Persist

The dollar index (DXY00 ) Thursday fell by -0.49%. The dollar posted moderate losses Thursday because of concerns that the US-China trade war will drag on after China said there were no talks on reaching...

DXY00 : 99.526 (+0.15%)
GCM25 : 3,370.0 (+0.64%)
SIK25 : 33.630 (+0.38%)
^USDJPY : 143.014 (+0.27%)
^EURUSD : 1.13592 (-0.26%)
Dollar Falls on Signs the US-China Trade War Will Linger

The dollar index (DXY00 ) today is down by -0.51%. The dollar is moderately lower today because of concerns that the US-China trade war will drag on after China said there were no talks on reaching a...

DXY00 : 99.526 (+0.15%)
GCM25 : 3,370.0 (+0.64%)
SIK25 : 33.630 (+0.38%)
^USDJPY : 143.014 (+0.27%)
^EURUSD : 1.13592 (-0.26%)
The Dip Buyers In Gold are Back! - Silver's Time to Shine?

Gold catches a bid as bargain hunters step in—can silver follow with a breakout of its own? Phil Streible breaks down the setup in today’s Metals Minute.

The Dip Buyers In Gold are Back! - Silver's Time to Shine?

Gold catches a bid as bargain hunters step in—can silver follow with a breakout of its own? Phil Streible breaks down the setup in today’s Metals Minute.

Dollar Rallies as Trade Tensions Ease and Trump Says He Won't Fire Powell

The dollar index (DXY00 ) Wednesday rose by +0.87%. The dollar rallied Wednesday due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be "very nice" to China...

DXY00 : 99.526 (+0.15%)
GCM25 : 3,370.0 (+0.64%)
SIK25 : 33.630 (+0.38%)
^USDJPY : 143.014 (+0.27%)
^EURUSD : 1.13592 (-0.26%)
Can Silver Rally if Gold Continues to Crash? The Driver

Gold pulls back sharply—but can silver break away and shine on its own? Phil Streible dives into the key technicals, macro drivers, and trader positioning in today’s Metals Minute.

Dollar Gains on President Trump’s Softer Tone on Trade and Fed Independence

The dollar index (DXY00 ) today is up by +0.57%. The dollar is climbing today due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be “very nice” to China...

DXY00 : 99.526 (+0.15%)
GCM25 : 3,370.0 (+0.64%)
SIK25 : 33.630 (+0.38%)
^USDJPY : 143.014 (+0.27%)
^EURUSD : 1.13592 (-0.26%)
Elliott Wave Live: Gold At Extreme, Is Silver Next?

Stocks were firstly down on Monday, as market was again dealing with uncertainty, as there were talk by Trump who want someone who will replace Powell, who will more likely to cut rates. But if the Fed’s...

Chart of the Day - July Copper

Not everything that can glitter is Gold

Dollar Rebounds on US Trade Deal Optimism

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after...

DXY00 : 99.526 (+0.15%)
GCM25 : 3,370.0 (+0.64%)
SIK25 : 33.630 (+0.38%)
^USDJPY : 143.014 (+0.27%)
^EURUSD : 1.13592 (-0.26%)
Crude Prices Retreat as Some OPEC+ Members Seek to Boost Crude Oil Output

June WTI crude oil (CLM25 ) today is down -1.82 (-2.86%), and May RBOB gasoline (RBK25 ) is down -0.0265 (-1.27%). Crude oil and gasoline prices today fell back from 2-1/2 week highs and are sharply lower....

CLM25 : 63.09 (+0.48%)
RBM25 : 2.1088 (+0.60%)
Devon Energy's Q1 2025 Earnings: What to Expect

Devon Energy is expected to release its fiscal first-quarter earnings next month, and analysts project a single-digit earnings growth.

XLE : 82.54 (+1.60%)
$SPX : 5,484.77 (+2.03%)
DVN : 31.47 (+1.25%)
Crude Prices Climb as Market Sentiment Improves

May WTI crude oil (CLK25 ) Tuesday closed up +1.23 (+1.95%), and May RBOB gasoline (RBK25 ) closed up +0.0343 (+1.66%). Crude oil and gasoline prices on Tuesday settled moderately higher. Tuesday's stock...

CLM25 : 63.09 (+0.48%)
RBM25 : 2.1088 (+0.60%)
Nat-Gas Prices Pressured as Warm Spring Temps Boost US Inventories

May Nymex natural gas (NGK25 ) on Tuesday closed down by -0.009 (-0.30%). May nat-gas prices on Tuesday extended their 3-week sell-off to a 5-month nearest-futures low. Warmer-than-normal US spring temperatures...

NGM25 : 3.120 (+0.74%)
Crude Prices Supported as Asset Markets Recover

May WTI crude oil (CLK25 ) today is up +1.45 (+2.30%), and May RBOB gasoline (RBK25 ) is up +0.0397 (+1.92%). Crude oil and gasoline prices today are sharply higher. Today's stock rebound has improved...

CLM25 : 63.09 (+0.48%)
RBM25 : 2.1088 (+0.60%)
Elon Musk Isn’t ‘One of The Doomsday People’ On Climate Change or Humanity, But Says We Need ‘A Sense of Urgency’

Elon Musk, while rejecting climate doomsday narratives, emphasizes the need for continued urgency in transitioning to a sustainable energy economy, framing it as both an environmental necessity and a strategic...

TSLA : 259.51 (+3.50%)
F : 10.06 (+2.86%)
GM : 46.88 (+2.27%)
Alliant Energy's Q1 2025 Earnings: What to Expect

Alliant Energy is all set to release its fiscal first-quarter earnings next month, and analysts project a high single-digit profit decline.

XLU : 78.45 (+0.15%)
LNT : 61.33 (+0.16%)
$SPX : 5,484.77 (+2.03%)
Crude Pulls Back After Big Week—Eyes on 63.81 for Momentum Rebound

We shifted our bias to Neutral / Bullish on Thursday morning alongside the news of these compensation cuts.

Crude Prices Fall as Risk-Off Sentiment Weighs on Commodities

May WTI crude oil (CLK25 ) Monday closed down -1.60 (-2.47%), and May RBOB gasoline (RBK25 ) closed down -0.0335 (-1.60%). Crude oil and gasoline prices on Monday settled moderately lower. Monday's plunge...

CLM25 : 63.09 (+0.48%)
RBM25 : 2.1088 (+0.60%)
DXY00 : 99.549 (+0.17%)
Nat-Gas Prices Plunge on Above-Normal US Temps

May Nymex natural gas (NGK25 ) on Monday closed down by -0.229 (-7.06%). May nat-gas prices plunged to a 2-3/4 month low on Monday and settled sharply lower. Forecasts for warmer US temperatures that...

NGM25 : 3.120 (+0.74%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Average Signal Strength.

Key Turning Points

3rd Resistance Point 2,501.0
2nd Resistance Point 2,501.0
1st Resistance Point 2,501.0
Last Price 2,501.0s
1st Support Level 2,501.0
2nd Support Level 2,501.0
3rd Support Level 2,501.0

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52-Week High 2,527.3
Last Price 2,501.0s
Fibonacci 61.8% 2,287.5
Fibonacci 50% 2,213.5
Fibonacci 38.2% 2,139.4
52-Week Low 1,899.6

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