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 ()
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 Pares Early Decline as US-China Tensions Ease

The dollar index (DXY00) Thursday fell by -0.05%.  The dollar on Thursday fell to a 6-week low and posted modest losses after US weekly jobless claims unexpectedly rose to a 7-3/4 month high, a dovish factor for Fed policy.  The dollar also weakened after US Q1 nonfarm productivity was revised lower and Q1 unit labor costs were revised higher.  In addition, the dollar was pressured after EUR/USD rallied on hawkish comments from ECB President Lagarde.

However, the dollar recovered nearly all of its losses Thursday on signs of easing trade tensions between the US and China after US President Trump spoke with Chinese President Xi Jinping by telephone and agreed to further trade talks.  The dollar also garnered some support after the US Apr trade deficit narrowed to a 20-month low.  In addition, hawkish Fed comments lifted the dollar on Thursday when Fed Governor Kugler and Philadelphia Fed President Harker said they favored keeping interest rates steady.

US weekly initial u... 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 May 27, 2025

View Chart Details
Commercials - Long / Short
87,509 (-2,747)
295,096 (+7,192)
Non-Commercials - Long / Short
234,087 (-3,975)
59,903 (-14,178)
Producers - Long / Short
15,935 (-4,267)
62,127 (+3,108)
Swap Dealers - Long / Short
39,356 (+4,912)
200,751 (+7,476)
Managed Money - Long / Short
147,502 (-1,647)
36,686 (-4,834)
Other Reportables - Long / Short
86,585 (-2,328)
23,217 (-9,344)
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 Pares Early Decline as US-China Tensions Ease

The dollar index (DXY00 ) Thursday fell by -0.05%. The dollar on Thursday fell to a 6-week low and posted modest losses after US weekly jobless claims unexpectedly rose to a 7-3/4 month high, a dovish...

DXY00 : 98.712 (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.900 (+0.27%)
^USDJPY : 143.532 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
Silver Prices Rocket to 13-Year Highs. More Upside Is Likely.

The surge in silver prices is also bullish for gold and platinum.

$DXY : 98.71 (-0.08%)
CLN25 : 63.20 (-0.27%)
GCQ25 : 3,381.7 (+0.20%)
PLN25 : 1,142.9 (+0.56%)
SIN25 : 35.900 (+0.27%)
SIN25 : 35.900 (+0.27%)
DXM25 : 98.704s (-0.03%)
CLN25 : 63.20 (-0.27%)
GCM25 : 3,350.7s (-0.68%)
PLN25 : 1,142.9 (+0.56%)
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Dollar Tumbles on US Labor Market Concerns and Euro Strength

The dollar index (DXY00 ) today is down by -0.31% and posted a 6-week low. The dollar retreated today after US weekly jobless claims unexpectedly rose to a 7-3/4 month high, a dovish factor for Fed policy....

DXY00 : 98.712 (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.900 (+0.27%)
^USDJPY : 143.532 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
Silver Starting to Shine

With all the focus on tariffs and government policies, silver has quietly become a commodity to watch.

Gold Continues Holding 23.6% & 38.2% Retracements Keeping the Trend Positive.

Educational and Actionable information using Fibonacci and W.D. Gann analysis. NEW VIDEO!

GCQ25 : 3,381.7 (+0.20%)
Dollar Undercut by Weak US Economic News

The dollar index (DXY00 ) Wednesday fell by -0.43%. The dollar on Wednesday gave up an overnight advance and turned lower after the US May ADP employment change rose less than expected and posted its...

DXY00 : 98.712 (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.900 (+0.27%)
^USDJPY : 143.532 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
What Happens to Gold If the USDX Keeps “Bottoming”?

This process could take some time... So, will gold soar?

What Three Different Financial Markets Were Telling Us at the End of May

As I've long argued, it doesn't matter what any one of has to say about markets. What matters is what the markets are telling us.

$DXY : 98.71 (-0.08%)
ZNM25 : 110-250s (-0.28%)
GCY00 : 3,360.14 (+0.21%)
Dollar Falls on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.43%. The dollar today gave up an overnight advance and turned lower after the US May ADP employment change rose less than expected and posted its smallest...

DXY00 : 98.712 (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.900 (+0.27%)
^USDJPY : 143.532 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
Dollar Gains and Gold Falls on US Labor Market Strength

The dollar index (DXY00 ) Tuesday rose by +0.53%. The dollar on Tuesday recovered from a 6-week low and moved higher after weaker-than-expected Eurozone inflation news knocked the euro lower. Also, weakness...

DXY00 : 98.712s (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.895 (+0.25%)
^USDJPY : 143.531 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
Will this be the week of trade agreements?

The Trump administration has set yet another deadline for tariff negotiations, but markets seem to be getting used to it.

Precious Metals Under Pressure! Buying Opportunity?

Phil Streible breaks down the pullback in gold and silver—could this dip set up the next move higher? Key levels and what’s next in today’s Metals Minute.

Dollar Gains on Euro Weakness and Strong US JOLTS Report

The dollar index (DXY00 ) today is up by +0.53%. The dollar today recovered from a 6-week low and moved higher after weaker-than-expected Eurozone inflation news knocked the euro lower. Also, weakness...

DXY00 : 98.712s (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.895 (+0.25%)
^USDJPY : 143.531 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
Dollar Slides and Gold Rallies as US-China Trade Tensions Escalate

The dollar index (DXY00 ) Monday fell by -0.58% and posted a 1-1/4 month low. Escalation of US-China trade tensions has led to a selloff of the US dollar after China accused the US of violating their recent...

DXY00 : 98.712s (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.895 (+0.25%)
^USDJPY : 143.531 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
Precious Metals Explode Overnight along w/ Oil & Copper!

Big overnight moves across the board! Phil Streible breaks down what’s fueling the rally and what to watch as momentum builds.

Dollar Sinks and Gold Jumps on Rising US Trade Tensions

The dollar index (DXY00 ) today is down by -0.67% at a 1-1/4 month low. Escalation of US-China trade tensions has led to a selloff of the US dollar after China accused the US of violating their recent...

DXY00 : 98.712s (-0.08%)
GCQ25 : 3,381.7 (+0.20%)
SIN25 : 35.895 (+0.25%)
^USDJPY : 143.531 (-0.02%)
^EURUSD : 1.14468 (+0.02%)
With Gold Prices Near Record Highs, Silver Futures Are a Value-Buying Opportunity

Silver is likely to continue to benefit from safe-haven demand.

SIU25 : 36.215 (+0.23%)
GCM25 : 3,350.7s (-0.68%)
Commodity Market Roundup- May’s Top Performers and Underperformers

Commodity prices reflected a steady dollar and declining bond futures in May, which were primarily bearish factors.

KCN25 : 359.75s (+3.93%)
^BTCUSD : 101,602.27 (+1.02%)
CCN25 : 10,076s (+1.29%)
PLN25 : 1,142.9 (+0.56%)
Gold Is Bullish, But Be Aware Of Deeper Intraday Pullback; Elliott Wave Intraday Analysis

Gold Is Bullish from a technical and Elliott wave perspective, but be aware of deeper intraday pullback before a bullish continuation.

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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