After hitting a new all-time record high of $2325.30 gold futures basis the most active June contract has experienced a slight price decline today. As of 5:05 PM EDT the June contract is currently fixed at $2308.50, down $6.50, or -0.28%.

In a historic move, gold futures surged past the $2300 mark for the first time in history. As of 4:30 PM EDT, gold futures basis the most active June contract is currently at a record high of $2318.90. The June contract opened at $2301.70 and traded to an intraday high of $2319.70.

As of 4:55 PM EDT the most active June contract of gold futures is fixed at $2300.60, up $28.10. This marks the sixth consecutive day of gains for the precious yellow metal, with the last four trading sessions culminating in new record closes.

In a remarkable turn of events, gold futures surged to unprecedented levels on April 1, 2024, driven by a potent mix of economic and geopolitical factors. As of 5:30 PM EDT, the most active April contract skyrocketed by $17.70, or 0.78%, settling at a staggering $2,272.50 per ounce.

Gold futures skyrocketed today, with the most active June contract gaining a staggering $39.40 or 1.78% to settle at $2,254.80. This historic rise comes as investors seek a safe haven amidst growing economic concerns and the prospect of interest rate cuts.

Gold futures reached unprecedented heights on Thursday, with the June contract smashing through the $2,200 an ounce barrier to trade at a staggering $2,233 per ounce as of 6 PM EDT in New York. This remarkable surge propelled the precious metal to its highest value in history, fueled by a confluence of factors that have ignited a buying frenzy among investors.

As of 4:50 PM EDT, gold futures basis most active April contract (GCJ24) is currently up $5.90 or 0.27% and fixed at $2177. 

Gold prices recovered today after falling on both Thursday and Friday of last week. Gold gained $6.50 basis of the most active April contract in New York and Globex. Gold futures have resumed trading now in Australia and are currently trading right around the close of Globex at $2173.90.

April gold futures settled down $6.30 or 0.29% to close at $2183.30. Today gold opened at $2183.40, traded to a high of $2188, and is currently fixed at $2166.50 down $16.80 or 0.77% after making a new record high earlier in the week.

Right after this month’s FOMC meeting concluded and Chairman Powell held his regular press conference gold began to move into uncharted territory. As of 5:40 PM EDT, gold futures basis most active April contract is currently fixed at $2183.80 which is a net loss of $6.30, or 0.29% today. However, the history that was made today was not in gold’s closing price but rather its intraday high.