What are gold futures

Significant industrial demand, which accounts for 58% of total global demand, further boosts the prices. The market expects even stronger industrial activity in the face of anticipated rate cuts later this year. Moreover, China’s recent pledge to cut net carbon emissions by 7–10% by 2035 [2] is likely to accelerate the adoption of solar technologies, where silver is a critical component in photovoltaic cells. Gold's momentum has shown no signs of fading, though it will be put to the test in the coming days with the release of more U.S. data, including inflation numbers, Razaqzada says. Economists at Goldman Sachs revised gold futures price targets up by 3%, citing central bank buying trends and softer real rates—a setup often favorable for mid-term futures rallies.