Gold futures price today reflects cautious optimism

Gold futures price today reflects cautious optimism, sitting at $2,343.50 while COMEX volumes remain average. Short-covering activity in early trades contributed to limited upward pressure. ‘Course as shown in the graphic, the last time Gold nearly achieved Fair Value was back in September of 2011, price then embarking on a worse than -47% slide into December 2015.  (You long-time readers may recall our writing of Gold as having “gotten ahead of itself” ).  And no, this time ’round we don’t perceive a repeat of such decline. “For those with a multi-year outlook, holding gold can still play a meaningful role in a portfolio. Looking ahead, we think portfolios with balanced allocations including a modest exposure to commodities are well positioned through the rest of 2025. While tariffs and slowing economic data have raised concerns about inflation and growth, a pro-business policy environment and a dovish Federal Reserve could keep both stocks and commodities supported. Gold fits neatly into that mix as an anchor asset when volatility rises. Gold futures price today is firm at $2,343.50 per ounce, as traders balance risk between volatile equity sectors and commodity investments.