• Ralph Lauren Price Of Gold Futures

$389.000 value
$258.00 (15% off)VIPapplied$389.000

Price of gold futures posted a mild uptick to $2,348 after weaker-than-expected US manufacturing PMI. Macro strategists believe softer growth data could keep rates suppressed, aiding gold’s upward bias. Most importantly, though, Bitcoin is scarcer. There will only ever be 21 million units in circulation. This hard supply cap can't be altered. On the other hand, if demand for gold suddenly shot up, it would become economically feasible to explore other mining techniques to grow the supply. If the future price exceeds the spot price, this is known as contango, common in commodities with significant storage costs. If the futures price is below the spot price, the market is in backwardation. Price of gold futures remains in focus after Fed Chair remarks hinting at a possible pause. At $2,346, gold is well-positioned to benefit from dovish policy tones over summer.

Arrives by Thu. Oct. 9

Eligible for Same-Day Delivery. Order by 12pm.
  • 8
  • 4
  • 3
  • 11
  • 8

Offers & perks

loyallist icon
Join Star Rewards & get free shipping at $39
Exclusions
Not a Star Rewards member? Get free shipping at $49
Exclusions apply