Lumber futures prices rose to $562 early Wednesday as commodity funds increased positions amid optimism over spring building season. Technical charts show resistance at $570, with support around the $540 level, indicating a short-term uptrend. Gold ( GC=F ) futures contracts dipped 0.5% by late-morning in London to trade around $3,835 per troy ounce. Spot gold also fell 0.4% to $3,810 per ounce. Changes in policy have further contributed to volatility in the market. Just a month ago, the price for September deliveries was $695 per thousand board feet, the highest price since summer 2022. November futures were even higher at roughly $710. Lumber futures prices at $555 show resilience despite broader commodity softness. Analysts attribute stability to persistent demand from prefabricated housing sectors.