Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Gold Futures - Jun 24 (GCM4)

Real-time derived
Currency in USD
Disclaimer
2,341.00
+2.60(+0.11%)
Real-time Data

Gold Futures Discussions

The USD has fallen all week, as well as gold- theres going to be a catalyst either tomorrow or sometime next week that will push gold higher, at an equal or greater amount that the USD lost since the vaccine new was released - Thats my prediction
Bearish precious metals only Base metals look strong, especially copper Gold is not behaving like it is accustomed to, and with BTC soaring as of late, I don't see why I would invest in the shiny metal when I can stock pick tech, and short banks
The market is going to correct and gold will follow BTC has taken gold's place it seems (for now? forever?) Banks are going to tighten lending further and so supply of USD will continue to drop, which will drive DXY up Also velocity of money is dying All these factors are not good for gold short term
money supply will "continue" to drop? m2 just had another big jump, about 70 billion from week to week to hit another ATH# not sure what chart you are looking at? and the notion that BTC has taken golds place because it has had a great month or 6 weeks is a little much# idk man, I respect your opinion but most of that is just hyperbole and not grounded in any fact# I dont recall but I'm sure gold was probably around 1200 3 years ago when BTC ran to 20k and then we know what happened after that so it's a little early to declare gold dead imho# dont get sucked into recency bias, very rookie mistake and I know u know better than that
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.