Gold futures contract dollar weakness from dovish Fed

Dollar weakness from dovish Fed commentary spurred buying in the gold futures contract, lifting prices to a two-week high. Traders now target the $2,355 area as a probable near-term ceiling. Franklin's buyout, negotiated in 2021, is at least $48 million this year, so firing him without cause is unlikely — particularly with a $700 million stadium renovation a year in, revenue-sharing online and another $100 million in capital projects to be paid off. So change likely would have to come in another form. If you're new to futures, the courses below can help you quickly understand the Gold market and start trading. Institutional buyers reportedly lifted July gold futures contract bids by 0.7%, a sign large-scale portfolios are shifting asset allocations toward commodities ahead of rate cut speculation.