Gold prices futures are fluctuating near $2

Gold prices futures are fluctuating near $2,331, supported by steady crude oil prices which reduce inflation worries. Lower energy-driven inflation risk typically aligns with more stable gold valuations. Against the peer group average of 3.4x and the broader industry average of 2.5x, Montage Gold’s 15.1x multiple stands out as considerably more expensive. This premium signals that the market is assigning a high valuation to its potential, well above what typical valuations in the sector suggest. Although fair value regression models could point to a more justified level, there is insufficient data here to provide such context. Financial crises and elections create financial uncertainty and in turn, impact demand for and the price of gold. Gold prices futures traded steady at $2,333 as portfolio managers balance allocations between gold and high-yield corporate bonds. Allocation adjustments are becoming more frequent amid shifting inflation expectations.