Price of gold futures the latest CME data shows the price of

The latest CME data shows the price of gold futures at $2,340, with open interest climbing 3%. This participation spike can foreshadow breakout attempts if macro catalysts align. Find out about the key risks to this Gold Road Resources narrative. “Gold may hedge the difference between headline and median inflation, sometimes called ‘headline shocks,’ more reliably than underlying inflation,” said Mark Fandetti, a portfolio strategist at Armstrong Advisory Group, in his 2024 CFA Institute study on “ Gold and Inflation: An Unstable Relationship .” The study looks at headline inflation from 1979 to March 2024. As of this week, the price of gold futures traded within a $2,330–$2,360 band, supported by central bank purchases and weaker Treasury yields. Traders watch CPI data closely, expecting volatility spikes if inflation stays stubborn.