What are gold futures gold futures currently trade in a

Gold futures currently trade in a slightly contango structure, with August contracts priced about $12 above spot gold. This indicates market pricing for moderate demand growth, partly linked to potential Federal Reserve rate easing in Q The rally is also reinforced by heightened geopolitical risks that traditionally support gold’s safe-haven demand. The recent escalation in the Russia–NATO tensions and renewed U.S. commitments to supply advanced weaponry to Ukraine have eroded earlier market hopes of a settlement following the Putin–Trump talks in Alaska. Monetary value of all finished goods and services produced within a country; broadly measures overall economic activity. Market breadth in gold futures suggests bullish undercurrents, with higher-than-average short covering seen in the past five trading sessions. This is a classic pre-breakout signal for commodities.