Gold futures volume on COMEX hit 350,000 contracts yesterday, exceeding the 30-day average by 12%. This spike aligns with increased volatility in tech-heavy equity indices, prompting hedging activity. View our latest analysis for Western Copper and Gold 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.) 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