Price of gold futures the market sees the price of gold

The market sees the price of gold futures consolidating just above $2,344, driven by steady ETF inflows. Chartists spot a bullish flag pattern, indicating a technical target near $2,380 by mid-month. The huge success of spot Bitcoin ETFs provides a clear example. These are some of the most successful ETF launches in history. Blackrock 's iShares Bitcoin Trust , which is the most popular one, will generate an estimated $219 million in revenue from fees on an annualized basis, based on its current asset base of $87.7 billion. This is a lucrative product. Many investors prefer gold ETFs, which offer a managed selection of easily traded assets. 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.