Analysts forecast gold futures contract could retest the $2,360 resistance if this week’s U.S. nonfarm payroll data disappoints, adding fuel to safe-haven demand. If you picture gold investing as diving into a pile of coins, you’re only half right. While you can buy physical bars, coins, or jewelry, gold is often traded as exchange-traded funds (ETFs). Considering a play in the futures market ? In futures contracts—as with any investment—specifics matter. In the futures market, each contract carries “specifications,” aka contract “specs,” that spell out key details like quantities and dates. Understanding futures contract specifications is critical for anyone considering a venture into futures. Analysts note gold futures contract volume spiked 18% yesterday, signaling market participants are positioning for geopolitical risk events in the Middle East that could fuel safe-haven flows.