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Gold Dec '22 (GCZ22)
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Gold Futures Market News and Commentary

Stocks Climb as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know…

The S&P 500 Index ($SPX) (SPY) today is up +0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.10%.

Stocks this morning are moderately higher, with the Dow Jones Industrials posting a 1-3/4 year high.  Stocks are climbing today after a smaller-than-expected increase in Nov ADP employment bolstered speculation the Fed is done raising interest rates and will begin cutting them next year.  Stocks also found support on today’s reports that showed U.S. Q3 nonfarm productivity was revised higher and Q3 unit labor costs were revised lower, dovish factors for Fed policy. 

On the positive side for stocks, Campbell Soup is up more than +6% after reporting Q1 adjusted EPS above consensus.  Also, airline stocks are moving higher after the International Air Transport Association (IATA) forecasted airline industry profits to reach $23.5 billion this year, more than double the prediction made i... 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
$8,580/7,800
First Notice Date
11/30/22
Expiration Date
12/28/22 (expired)

Seasonal Chart

Gold Dec '22
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Nov 28, 2023

View Chart Details
Commercials - Long / Short
115,596 (-341)
334,188 (+28,016)
Non-Commercials - Long / Short
289,845 (+20,144)
89,761 (-8,235)
Producers - Long / Short
14,333 (+252)
64,941 (+4,951)
Swap Dealers - Long / Short
76,804 (-4,142)
244,788 (+19,516)
Managed Money - Long / Short
169,695 (+25,314)
54,802 (-10,444)
Other Reportables - Long / Short
120,150 (-5,170)
34,959 (+2,209)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1,737.9 +4.03%
on 11/29/22
1,826.3 -1.01%
on 12/27/22
+67.6 (+3.88%)
since 11/28/22
3-Month
1,618.3 +11.72%
on 11/03/22
1,826.3 -1.01%
on 12/27/22
+137.9 (+8.26%)
since 09/28/22
52-Week
1,618.3 +11.72%
on 11/03/22
2,091.4 -13.56%
on 03/08/22
-14.8 (-0.81%)
since 12/28/21

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Most Recent Stories

More News
Stocks Climb as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.10%. Stocks...

1 Gold Mining Stock Analysts Expect to Double

As gold futures run to new record highs this December, here's a look at one gold and silver mining stock under $5 that could have 2x potential over the next year, according to Wall Street forecasts.

SVM : 2.73 (unch)
Gold/Silver: Precious Metals Try and Find their Footing

Phil Streible with Blue Line Futures discusses Gold, Silver, Copper, Platinum, and other commodity topics.

Gold Price at New Highs? Sellers Say NO.

The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions.

GLD : 188.11 (+0.51%)
GDXJ : 37.47 (+0.16%)
Dollar Gains on Safe-haven Demand from Chinese Debt and a Weak Euro

The dollar index (DXY00 ) on Tuesday finished up by +0.31% and posted a 1-1/2 week high. The dollar found support Tuesday on increased safe-haven demand after Moody’s Investors Service downgraded China’s...

Stocks Mixed as Bond Yields Drop on Weak U.S. Oct JOLTS Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks...

Gold/Silver: How to Play Yesterday’s Blowoff Top – The Metals Minute w/ Phil Streible

Phil Streible with Blue Line Futures discusses Gold, Silver, Copper, Platinum, and other commodity topics.

Dollar Tracks T-Note Yields Higher

The dollar index (DXY00 ) on Monday rose by +0.42% and posted a 1-week high. The dollar on Monday followed a jump in T-note yields on concern that the markets are perhaps being overly optimistic about...

Buy This Physical Gold ETF Under $20 as Futures Test New Highs

Gold surged to a new all-time high in early trading Monday amid a decline in the U.S. dollar and cooling Treasury yields, and more upside could be ahead for the ultimate safe-haven asset. Here's one way...

SGOL : 19.42 (+0.49%)
Will the Rally in Gold Continue?

The price of gold today (GCZ23 ) soared to an all-time high of $2,130.2 an ounce on the COMEX exchange before falling back. Gold prices have climbed more than +16% over the past month from a 9-month low...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1,814.3
2nd Resistance Point 1,811.1
1st Resistance Point 1,809.5
Last Price 1,807.9s
1st Support Level 1,804.7
2nd Support Level 1,801.5
3rd Support Level 1,799.9

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52-Week High 2,091.4
Fibonacci 61.8% 1,910.7
Fibonacci 50% 1,854.8
Last Price 1,807.9s
Fibonacci 38.2% 1,799.0
52-Week Low 1,618.3

See More

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