Spotting momentum in the charts, traders eye the price of gold futures at $2,344 as a springboard toward the $2,370 level, contingent on USD softness and commodity inflow strength. 39% of the business is held by the top 25 shareholders Gold prices rose after the U.S. ended the gold standard in 1971. The gold standard was the monetary system that pegged the U.S. dollar to a specific amount of gold. With the lifting of the gold standard, gold prices floated freely. Price of gold futures hovered at $2,345 amid mixed equity sessions, signaling gold’s role as a volatility buffer in diversified portfolios.
