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Gold Dec '23 (GCZ23)
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Gold Futures Market News and Commentary

Stocks Retreat on U.S. Economic Concerns

What you need to know…

The S&P 500 Index ($SPX) (SPY) today is down -1.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.78%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.07%.

Stocks this morning are moderately lower, with the S&P 500 dropping to a 3-1/2 month low, the Dow Jones Industrials falling to a 3-month low, and the Nasdaq 100 sliding to a 5-week low.  Concerns about the U.S. economy are weighing on stocks today after Aug new home sales fell more than expected to a 5-month low, and after the U.S. Sep consumer confidence index fell more than expected to a 4-month low. 

Also, mega-cap technology stocks are falling today and weighing on the overall market on concerns that global central banks will have to keep interest rates higher for longer to combat inflation.  In addition, hawkish Fed comments today are pressuring stocks after Minneapolis Fed President Kashkari said he expects the Fed will have to raise interest rates one more time this ye... 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
11/30/23 (65 days)
Expiration Date
12/27/23 (92 days)

Seasonal Chart

Gold Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Sep 19, 2023

View Chart Details
Commercials - Long / Short
110,014 (-3,048)
262,946 (+5,074)
Non-Commercials - Long / Short
237,716 (+2,012)
102,553 (-9,287)
Producers - Long / Short
15,305 (-2,056)
40,593 (+884)
Swap Dealers - Long / Short
82,606 (-668)
210,250 (+4,514)
Managed Money - Long / Short
121,172 (+3,435)
73,782 (-9,384)
Other Reportables - Long / Short
116,544 (-1,423)
28,771 (+97)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1,917.2 +0.05%
on 09/26/23
1,980.2 -3.13%
on 09/01/23
-21.7 (-1.12%)
since 08/25/23
3-Month
1,913.6 +0.24%
on 08/21/23
2,028.6 -5.44%
on 07/20/23
-54.4 (-2.76%)
since 06/26/23
52-Week
1,710.0 +12.18%
on 09/28/22
2,129.7 -9.93%
on 05/04/23
+202.4 (+11.80%)
since 09/26/22

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Most Recent Stories

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Rising Copper Thefts Hit Infrastructure, Businesses

The most spectacular copper theft of all time in Germany, though, happened at copper manufacturing and recycling company Aurubis in August.

HGZ23 : 3.6445 (-0.69%)
HJU23 : 3.7139 (-0.13%)
QCZ23 : 3.6440 (-0.71%)
O9Z23 : 8,142.50s (-0.99%)
CUPAUSY2.CM : 2.7495 (-1.11%)
CUPAUSY6.CM : 2.4398 (+0.02%)
CUPAUSY1.CM : 2.8143 (unch)
China Scoops Up Cheap Indian Iron Ore in Bid to Trim Steel Costs

The steelmaking ingredient is currently trading near $115 a ton on the Singapore exchange, the global benchmark.

HVV23 : 695.00 (-1.56%)
THV23 : 390.00 (unch)
C-V23 : 372.00s (-1.85%)
V7X23 : 555.00s (-1.16%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
AISI: U.S. Raw Steel Output Surged in the Latest Week

The production was 1.733 million NT during the week ended September 16, 2023.

HVV23 : 695.00 (-1.56%)
THV23 : 390.00 (unch)
C-V23 : 372.00s (-1.85%)
V7X23 : 555.00s (-1.16%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
25th September, 2023: Chinese Scrap Metal Prices Dropped on Index

The prices of UBC and Zorba 90% INF recorded decline by CNY 50 per MT from the previous day.

Chinese Gold Price Premium Surged to Hit Record Levels

However, the month of August marked significant surge in premiums, thus resulting in significant deviation from its mean values.

GCZ23 : 1,917.8 (-0.97%)
GRZ23 : 1,917.9 (-0.97%)
Gold Miners Junior (GDXJ) Looking to End Flat Correction

(GDXJ) , short for VanEck Vectors Junior Gold Miners ETF, is an exchange-traded fund (ETF) that focuses on providing exposure to junior companies involved in the exploration and mining of gold and other...

GDXJ : 32.82 (-2.67%)
25th September, 2023: Scrap Gold, Silver and Platinum Prices Soared on Index

In the Hallmarked category, the 14 carat gold scrap prices were up by $ 7.01 per Oz.

Alcoa Announced Leadership Transition

The company will continue to remain focused on executing its strategies to create value, he said.

ALZ23 : 2,244.50 (+0.63%)
Q8Z23 : 2,234.00s (-0.37%)
R8V23 : 1,544.50s (+1.85%)
ALPAUSY15.CM : 0.6939 (unch)
ALPAUSY51.CM : 0.4211 (-0.21%)
World Crude Steel Output Increased in August

The Asia and Oceania region recorded modest year-on-year rise in output by 3.50%.

HVV23 : 695.00 (-1.56%)
THV23 : 390.00 (unch)
C-V23 : 372.00s (-1.85%)
V7X23 : 555.00s (-1.16%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
Stocks Retreat on U.S. Economic Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.07%....

$SPX : 4,272.34 (-1.50%)
SPY : 425.78 (-1.49%)
$DOWI : 33,621.02 (-1.13%)
DIA : 336.20 (-1.11%)
$IUXX : 14,538.80 (-1.56%)
QQQ : 353.98 (-1.57%)
CTAS : 482.57 (-4.54%)
AMZN : 125.78 (-4.18%)
GOOGL : 128.30 (-2.14%)
AAPL : 172.14 (-2.24%)
MSFT : 310.42 (-2.24%)
META : 299.34 (-0.50%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1,957.3
2nd Resistance Point 1,952.1
1st Resistance Point 1,944.3
Last Price 1,917.7
1st Support Level 1,931.3
2nd Support Level 1,926.1
3rd Support Level 1,918.3

See More

52-Week High 2,129.7
Fibonacci 61.8% 1,969.4
Fibonacci 50% 1,919.8
Last Price 1,917.9
Fibonacci 38.2% 1,870.3
52-Week Low 1,710.0

See More

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