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Q2 2024 Metals Update

From cmegroup.com

The gold price surged to record levels in 2024, hitting $2,400 for the first time on April 12. Volume and open interest in Gold futures (GC) and Micro Gold futures (MGC) has surged in response to higher prices. March Gold (GC) ADV of 332.6K contracts was its highest since July 2020, while OI of 540.6k on March 13, 2024, was its highest since March 2022. March Micro Gold (MGC) ADV of 75.4K was its highest since December 2020, while OI of 41.5K contracts on March 21, 2024, was its highest since January 2021. CME Group's suite of Gold futures and options offers gold trading opportunities as gold prices respond quickly ... (full story)

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  • Category: Fundamental Analysis