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Gold Apr 24 (GC=F)

COMEX - COMEX Delayed Price. Currency in USD
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2,157.30-7.00 (-0.32%)
As of 06:30AM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2024-04-26
Open2,164.00
Bid2,157.40
Last Price2,164.30
Day's Range2,150.20 - 2,166.30
Volume66,701
Ask2,157.50
  • Yahoo Finance Video

    Commodities on a run: How to play Crude Oil

    Commodities are on a run with Cocoa Futures (CC=F) topping $8,000 per metric ton and Copper Futures (HG=F) hitting its highest level in almost a year. Oil prices (BZ=F, CL=F) have also been rising this week, at one point topping over $80 per barrel. Path Trading Partners Co-Founder Bob Iaccino and Blue Line Futures Chief Market Strategist Phillip Streible join Yahoo Finance to discuss how investors should position themselves within the commodity sector. Streible states that oil's rise is a simple function of supply and demand, highlighting a few demand-side drivers: "Resiliency of the US economy has helped to support demand. We've got driving season right here. Any kind of interest rate cut could really be a tailwind for the crude oil market. If you get some of this loan, some of this debt burden behind us with lower interest rates, people are gonna have more money to spend and they're probably going to do it the easiest way, which is travel. So we are starting to see 2024 demand increasing. And we could see upward revisions in '25 and 2026."  Investors may look to the futures market or to ETFs to join the oil rally, Iaccino explains: "I always advise people the thing that's 100% correlated to crude oil is crude oil. So the best place...to play that out is WTI crude (MCL=F), that's my favorite. But, for the average investor, you can look at USO, that's one of the ETFs people generally default to." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • Yahoo Finance Video

    Gold backs off record high: Could Fed rate cuts sway prices?

    Gold futures (GC=F) are pulling back from record highs on February's Consumer Price Index (CPI) reading, showing hotter-than-expected inflation seen in rising consumer prices. Wall Street is already beginning to speculate whether this data will add any delays on to the Federal Reserve's forecast for future interest rate cuts. State Street Global Advisors Chief Gold Strategist George Milling-Stanley joins Yahoo Finance to discuss the performance of gold, the latest CPI report, and how the latter may impact the Fed's monetary policy timeline. "We could easily be looking at a significant jump, tens of dollars, $50, something of that order," Milling-Stanley says on the influence of rate cuts on gold prices. "I don't know what it's going to do. I think it's more a case of anticipation of when that rate cut is coming that is going to be really the driver of the price going forward. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • Yahoo Finance Video

    S&P 500, market volatility rise ahead of February CPI data

    The big three stock market indexes (^DJI, ^IXIC, ^GSPC) are trading mixed on Monday ahead of Tuesday's Consumer Price Index (CPI) inflation print. The S&P 500 and the market volatility index (^VIX) — also known as the fear gauge — are rising in unison coming off of last week's highs. Yahoo Finance Markets Reporter Jared Blikre shares his observations on this market action, setting aside the time to take a look at gold prices (GC=F). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.