This article highlights three reasons for gold to continue higher as cited by a Bloomberg report on the gold market. They are as follows: #1 Gold futures in contango Contango is when the futures price of a commodity is higher than its spot price. The contango in the gold market is very steep at the moment which shows that heavy demand is likely to drive spot prices up higher. Strong demand for gold futures has been significant in driving prices higher since 2019. #2 Gold futures managed money net positions are at a healthy level Managed futures positions are at their least net long in over a year which is indicative ... (full story)