Gold prices futures dipped to $2

Gold prices futures dipped to $2,318 in European session as profit-taking emerged after a five-day winning streak. Commodities analysts suggest a support zone at $2,300, with upside potential if U.S. CPI figures show easing price pressures later this week. Western Copper and Gold already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Western Copper and Gold, (below). Of course, keep in mind that there are other factors to consider, too. 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. 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.