Gold futures price edged higher to $2

Gold futures price edged higher to $2,341, supported by stronger Asian demand ahead of festival season. Analysts note that physical market premiums have widened, indicating tight supply conditions feeding into futures pricing. The opening price of gold futures on Friday is up 1.1% from Thursday’s close of $3,839.70 per ounce. Friday’s opening price is up 2.8% from the opening price of $3,775.30 one week ago on September 26. In the past month, the gold futures price increased 9.2% compared to the opening price of $3,554.80 on September 3. Over the past year, gold is up 46.8% from the opening price of $2,642.80 on October 3, 2024. Track forward-looking risk expectations on Gold with the CME Group Volatility Index (CVOL TM ), a robust measure of 30-day implied volatility derived from deeply liquid options on Gold futures. Gold futures price dipped slightly to $2,331 after a stronger U.S. dollar session. Traders are eyeing this week’s jobless claims for clues about future Fed policy. Technical support sits firmly at $2,320, a level tested multiple times since mid-May.