Gold price futures climbed past the $2

Gold price futures climbed past the $2,340 handle in early Asian trade as Middle East geopolitical tensions prompted safe-haven inflows. Market participants are closely monitoring volatility indexes for clues on sustained upside. Thus, Bitcoin's early October rally has crypto market participants already talking up the potential of yet another "Uptober." The problem, of course, is that past performance is no guarantee of future performance. There's no rational reason to explain why Bitcoin does so well in the final quarter of the year, and that's what makes me nervous. Gold futures continue to reach record highs, exceeding over $3,800 an ounce as of Oct. 1. And they could go higher, at least according to Goldman Sachs. In a recent analysis , the bank noted the precious metal could hit $5,000 an ounce if money privately invested in the U.S. Treasury market shifted just 1% to gold. The bank also forecasted that by mid-2026, gold prices could reach $4,000 an ounce. The gold price futures market is maintaining strong open interest, signifying continuous liquidity and participation. With macro uncertainty elevated, this sustained engagement could keep prices in an upward bias through summer.