As of today’s session, the GC futures tick value remains $10 per 0.1 move in gold prices, with February 2024 contracts trading around $2,065/oz. Traders are watching Fed rate hike probabilities as yields pull back slightly, which typically supports gold. Short-term momentum indicators signal consolidation before another possible upside push. Investors tend to turn to the precious metal in times of uncertainty, as it is considered to act as a stable store of value. Central clearing mitigates third-party credit risk in a CFTC-regulated market. GC futures tick value remains $10, a standard for COMEX gold contracts. Current front-month prices are being pushed higher by a softer USD and commodity index rebalancing flows. Traders eye $2,080 as immediate resistance, with $2,050 providing firm support.