Price of gold futures with the price of gold futures stable

With the price of gold futures stable at $2,335, option traders position for a volatility expansion around Friday’s jobs report. Implied vol in gold options rose to 15%, signaling heightened hedging activity. Year to date, Bitcoin (CRYPTO: BTC) is up 30%, capped off by a sizzling early October rally that has already seen its price hit $120,000. That's just a stone's throw away from an all-time high of $124,457, which it hit during the summer. Two more potential rate cuts this year from the Federal Reserve have triggered a high demand for gold in recent weeks. Many pros see the metal’s growth as a safe haven against market downturns, especially during times of economic uncertainty and geopolitical turmoil. Others warn against it, noting that gold doesn’t generate income for investors and is often taxed at a higher rate. We asked seven financial experts whether they think investing in the precious metal is worth it. ( Use this free tool from our partner SmartAsset that can match you to a fiduciary adviser , as well as resources like NAPFA and the CFP Board.) 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.