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. Franklin's buyout, negotiated in 2021, is at least $48 million this year, so firing him without cause is unlikely â 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. With both metals charting new highs, investors doubt whether it is a sustainable bull market or a potential speculative bubble. Kar Yong Ang , a financial market analyst at Octa, deciphers the rally and shares potential price movements. Hedge fund positioning reports show net longs in the gold futures contract at 165,000 lots, their highest since March, indicating strong conviction in price appreciation over the next quarter.